13F Filing Insights: Key Highlights from Five Companies | Blog

The Q4 2023 13F filings are in, disclosing updated portfolio holdings of many of the most closely watched hedge funds / investment firms, including the 20 institutions on the MacroMicro 13F Filings Tracker! Here, we summarize the strategic moves of 5 key institutions:

Bridgewater: Increased stake in Eli Lilly and Nvidia, with sells focused on non-cyclical consumer stocks

In 2023 Q4, Bridgewater boosted its positions in Nvidia (NVDA) and Eli Lilly (LLY), known for its popular new weight-loss drugs, their portfolio weight rising by 0.61% and 0.84%, respectively. Both stocks have seen significant gains in Q1. Additionally, the fund took a new position in iShares MSCI Brazil ETF (EWZ), accounting for 0.54% of the portfolio. Sector wise, the financial segment saw significant additions, including Visa (V) and Mastercard (MA).

Sells concentrated in the non-cyclical consumer sector, including some of the fund’s largest holdings like Procter & Gamble (PG), PepsiCo (PEP), Coca-Cola (KO), Walmart (WMT), and Costco (COST). Overall, allocation to the non-cyclical consumer segment dropped nearly 3%, still accounting for about 23% of Bridgewater's portfolio and reflecting a higher risk appetite compared to the previous quarter.

Berkshire Hathaway: Portfolio holds firm with a trim on Apple holding, which still accounts for more than half of the portfolio

Warren Buffett’s moves in 2023 were minimal, keeping Berkshire’s holdings largely unchanged. The fourth quarter of 2023 saw increased stake in Sirius XM (SIRI), Occidental Petroleum (OXY), and Chevron (CVX), though the weightings of the latter two actually decreased in the portfolio due to poor stock performance in Q4.

As of sells, the largest reduction was in HP (HPQ), with its contribution to the portfolio down by 0.66%. And despite a slight trim on Apple (AAPL) position, Apple’s weight in Berkshire’s portfolio actually increased by 0.14% and remained at over 50%.

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Soros: Engaged in a long-short strategy through options, with tech stocks remaining the largest sector focus

Soros's strategy involved adjusting the ratio of stocks to options, including increased stake in iShares Russell 2000 ETF (IWM) and IWM put options by 2.74% and 1.43% respectively; increased stake in iShares iBoxx $ High Yield Corporate Bond ETF (HYG) put and call options at 2.53% and 1.01% of the portfolio; and increased position in database company Splunk (SPLK) by 1.96% along with new put options at 1.99% of the portfolio. These moves represent a mix of long and short positions. Meanwhile, top sells included Horizon Therapeutics (HZNP) and Activision Blizzard (ATVI), both of which were acquired.

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