10 Portfolios of 10 Legendary Investors
The moves of some legends in the second quarter of the year
Hello Guys,
This is a special article, where I will show you the top holdings of some famous investors, like Warren Buffett, George Soros and many others.
Please remember to share the article and the blog with everyone that could be interested.
Every quarter the investment funds have to communicate their positions to the SEC in a public form called 13F.
Here the fund managers report their long position in stocks, ADR, call and put options, and convertibles. You won’t see there their short positions, and this is one of the main criticisms to the current version of the form. The other big criticism regards the timing: fund managers have to fill the form 45 days after the end of the quarter and the report could be a bit old respect to the current composition of their portfolio.
In any case it is very interesting and useful to understand how those investors behaved in the quarter, and how different can be the approaches to investment management. Some prefers to be very diversified, while some other prefers to make few but big bets, some makes frequent trades, while others make only small adjustments every quarter. Everyone of these guys has its style and strategy, but they are successfull in pursuing their plans.
I selected ten legendary investors and you will see below their portfolio in ascending order of Asset Under Management (as reported in 13F Filing). Here a recap:
Let’s start with the first:
1. Stanley Druckenmiller - $3.4 BLN
This seems a solid portfolio: high percentage of tech megacaps, some growth stocks and even some reopening play.
2. George Soros - $5.9 BLN
Soros has a very big stake in Liberty Broadband, and a good position in Nasdaq and tech stocks. Then there are lot of bet on smaller companies: there is a heavy stock picking work here.
3. Bill Ackman - $10.7 BLN
This is a very highly concentrated (and riskier) portfolio. Can you manage a portfolio like this?
4. Seth Klarman - $12.3 BLN
Look at the big cut in Pershing Square Tontine Holdings: low trust in Bill Ackman’s SPAC?
5. Ray Dalio - $15.6 BLN
Ray seems currently underweight on tech stocks, and full of consumer staples and big retailers. More conservative than others maybe.
6. Dan Loeb - $17.1 BLN
Can you believe that Loeb has almost 10% of portfolio money in a small cap like Upstart Holdings? Lot of risk, but the play is paying well now!
7. Stephen Mandel - $31.6 BLN
A high exposure to tech and growth stocks for Stephen Mandel.
8. Chase Coleman - $53.8 BLN
Chase Coleman is going all-in on growth stocks: Roblox, Docusign, Doordash, Sea Ltd are just some of the growth stocks in Tiger Global portfolio. No old economy here!
9. Steve Cohen - $117.5 BLN
Steve Cohen has probably the most diversified portfolio: there is not a single stock above 5% of the total. Lot of tech here too.
10. Warren Buffett - $293.0 BLN
The legendary investor from Omaha didn’t make many moves in the second quarter. Indeed Berkshire Hathaway is currently full of cash (more than $140 BLN) and they are having lot of problems to find interesting companies at reasonable valuations.
What is your favorite portfolio among them? Tell me in the comments.
Have a great weekend!
Market Radar
PS: I won’t post next week because I am out of office, but I will be back very soon!
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