QUARTERLY 13-F FILINGS: Berkshire takes a new stake in CB; Icahn exits FE; Starboard adds NWSA

Appaloosa Management:

• New buys: Adobe (ADBE), JD.com (JD), Boeing (BA).
• Increased: Alibaba (BABA), Oracle (ORCL), PDD (PDD), Baidu (BIDU), UPS (UPS
• Reduced: Uber (UBER), Meta Platforms (META), Intel (INTC), Macy's (M), Microsoft (MSFT).
• Exited: HCA Healthcare (HCA), FMC Corp (FMC), Whirlpool (WHR), Mohawk Industries (MHK), General Motors (GM).
• Top holdings: Alibaba (BABA), Amazon (AMZN), Microsoft (MSFT), Meta Platforms (META), and Nvidia (NVDA).

Berkshire Hathaway:

• New buys: Chubb (CB).
• Increased: Occidental (OXY).
• Reduced : Apple (AAPL), Paramount (PARA), Sirius XM (SIRI), Louisiana-Pacific (LPX), Chevron (CVX).
• Exited: HP Inc (HPQ).
• Top holdings: Apple (AAPL), Bank of America (BAC), American Express (AXP), Coca-Cola (KO), Chevron (CVX).

Elliott Management:

• New buys: Transocean (RIG), HDFC Bank (HDB), iShares Bitcoin Trust (IBIT), Nvidia (NVDA).
• Increased: Suncor Energy (SU), Match Group (MTCH), BioMarin (BMRN), Etsy (ETSY), Liberty Broadband (LBRDK).
• Reduced: Peabody Energy (BTU), Marathon Petroleum (MPC), Howmet (HWM), Seadrill (SDRL).
• Exited: iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), Fidelity National (FNF), Valaris (VAL), Reservoir Media (RSVR).
• Top holdings: Suncor Energy (SU), Triple Flag (TFPM), Marathon (MPC), Pinterest (PINS), NRG Energy (NRG).

Icahn Capital:

• New buys: CVR Partners (UAN), JetBlue (JBLU).
• Increased: International Flavors (IFF).
• Exited: FirstEnergy (FE), Newell Brands (NWL).
• Top holdings: Icahn Enterprises (IEP), CVR Energy (CVI), Southwest Gas (SWX), Bausch Health (BHC), International Flavors (IFF).

Lone Pine Capital :

• New buys: Intuit (INTU), Blackstone (BX), Philip Morris (PM), GE (GE).
• Increased: Block (SQ), Meta Platforms (META), Bath & Body Works (BBWI), Dick's Sporting Goods (DKS), ASML (ASML).
• Reduced: Mastercard (MA), Workday (WDAY), EPAM Systems (EPAM), Live Nation (LYV), TSMC (TSM).
• Exited: Alphabet (GOOGL), TransDigm (TDG), BILL Holdings (BILL), Tempur Sealy (TPX), Floor & Decor (FND).
• Top holdings: Meta Platforms (META), Amazon (AMZN), TSMC (TSM), Microsoft (MSFT), and Salesforce (CRM).

Paulson & Co.:

• New buys: Altice USA (ATUS), Carrols Restaurant (TAST).
• Increased: Madrigal Pharma (MDGL), International Tower Hill Mines (THM), Novagold Resources (NG).
• Reduced: Anglogold (AU)
• Exited: SSR Mining (SSRM).
• Top holdings: Madrigal (MGDL), Bausch Health (BHC), Brightsphere (BSIG), Perpetua Resources (PPTA), and Novagold (NG).

Pershing Square:

• Reduced: Chipotle (CMG).
• Exited: Lowe's (LOW).
• Top holdings: Chipotle (CMG), Hilton Worldwide (HLT), Restaurant Brands (QSR), Alphabet (GOOG), Howard Hughes (HHH).

Soros Fund Management:

• New buys: Cerevel Therapeutics (CERE), Okta (OKTA), WestRock (WRK), PG&E (PCG), Sunrun (RUN).
• Increased: Alphabet (GOOGL), Aramark (ARMK), D.R. Horton (DHI), American Equity (AEL), SPDR S&P Regional Banking ETF (KRE).
• Reduced: Novo Nordisk (NVO), Sempra (SRE), CRH (CRH), Amazon (AMZN), AerCap (AER).
• Exited: iShares Russell 2000 ETF (IWM), SPDR S&P 500 ETF Trust (SPY), SPDR Euro Stoxx 50 ETF (FEZ), Las Vegas Sands (LVS), Birkenstock (BIRK).
• Top holdings: Alphabet (GOOGL), AerCap (AER), American Equity (AEL), Novo Nordisk (NVO), Cerevel (CERE).

Starboard Value:

• New buys: Alight (ALIT).
• Increased: News Corp. (NWSA), Rogers (ROG), Algonquin (AQN), Mercury Systems (MRCY).
• Reduced: Humana (HUM), Aecom (ACM), Wix.com (WIX), Fortrea (FTRE), Salesforce (CRM).
• Exited: Vertiv (VRTV).
• Top holdings: GoDaddy (GDDY), Gen Digital (GEN), Algonquin (AQN), Alight (ALIT), and Salesforce (CRM).

Third Point:

• New buys: Alphabet (GOOGL), Advance Auto (AAP), Marvell Technology (MRVL), Goldman Sachs (GS).
• Increased: Amazon (AMZN), Meta Platforms (META), Intercontinental Exchange (ICE), Apollo Global (APO), Corpay (CPAY).
• Reduced: International Flavors (IFF), Uber (UBER), Microsoft (MSFT), Bath & Body Works (BBWI), Vistra Corp (VST).
• Exited: US Steel (X), DuPont de Nemours (DD), McKesson (MCK), BioMarin (BMRN).
• Top holdings: PG&E (PCG), Amazon (AMZN), Microsoft (MSFT), Bath & Body Works (BBWI), Meta Platforms (META).

Trian Fund Management :

• Reduced: Ferguson (FERG), Allstate (ALL).
• Top holdings: Disney (DIS), Janus Henderson (JHG), Wendy's (WEN), General Electric (GE), Invesco (IVZ).