What the best investors bought
Every quarter, big US funds must list their stocks with the SEC. We read every list — 8,740 funds — and show what 153 long-term investors changed. The lists come out 45 days after the quarter ends.
Quarter ended 30 June 2026.
What changed this quarter
Most bought
Bought for the first time or added to.
- Meta PlatformsMETA
- Buyers
- 27 of 50
- Value
- $25.9bn
- Amazon.comAMZN
- Buyers
- 21 of 60
- Value
- $36.6bn
- MicrosoftMSFT
- Buyers
- 21 of 68
- Value
- $30.6bn
- S&P GlobalSPGI
- Buyers
- 18 of 35
- Value
- $12.3bn
- Thermo Fisher ScientificTMO
- Buyers
- 18 of 31
- Value
- $7.7bn
- Walt DisneyDIS
- Buyers
- 18 of 42
- Value
- $6.9bn
- MastercardMA
- Buyers
- 17 of 42
- Value
- $11.0bn
- VisaV
- Buyers
- 14 of 52
- Value
- $28.7bn
- UnitedHealth GroupUNH
- Buyers
- 13 of 43
- Value
- $15.1bn
- NvidiaNVDA
- Buyers
- 13 of 36
- Value
- $13.6bn
| Company | Buyers | Value |
|---|---|---|
| Meta PlatformsMETA | 27 of 50 | $25.9bn |
| Amazon.comAMZN | 21 of 60 | $36.6bn |
| MicrosoftMSFT | 21 of 68 | $30.6bn |
| S&P GlobalSPGI | 18 of 35 | $12.3bn |
| Thermo Fisher ScientificTMO | 18 of 31 | $7.7bn |
| Walt DisneyDIS | 18 of 42 | $6.9bn |
| MastercardMA | 17 of 42 | $11.0bn |
| VisaV | 14 of 52 | $28.7bn |
| UnitedHealth GroupUNH | 13 of 43 | $15.1bn |
| NvidiaNVDA | 13 of 36 | $13.6bn |
Most sold
Sold some of their stake, or sold out completely.
- AlphabetGOOGL
- Sellers
- 47 of 66
- Value
- $49.9bn
- MicrosoftMSFT
- Sellers
- 33 of 68
- Value
- $30.6bn
- AlphabetGOOG
- Sellers
- 30 of 58
- Value
- $49.3bn
- Taiwan Semiconductor ManufacturingTSM
- Sellers
- 29 of 47
- Value
- $25.0bn
- Amazon.comAMZN
- Sellers
- 27 of 60
- Value
- $36.6bn
- UnitedHealth GroupUNH
- Sellers
- 24 of 43
- Value
- $15.1bn
- Bank of AmericaBAC
- Sellers
- 21 of 39
- Value
- $35.4bn
- MastercardMA
- Sellers
- 20 of 42
- Value
- $11.0bn
- Texas InstrumentsTXN
- Sellers
- 20 of 26
- Value
- $4.3bn
- AppleAAPL
- Sellers
- 19 of 44
- Value
- $82.3bn
| Company | Sellers | Value |
|---|---|---|
| AlphabetGOOGL | 47 of 66 | $49.9bn |
| MicrosoftMSFT | 33 of 68 | $30.6bn |
| AlphabetGOOG | 30 of 58 | $49.3bn |
| Taiwan Semiconductor ManufacturingTSM | 29 of 47 | $25.0bn |
| Amazon.comAMZN | 27 of 60 | $36.6bn |
| UnitedHealth GroupUNH | 24 of 43 | $15.1bn |
| Bank of AmericaBAC | 21 of 39 | $35.4bn |
| MastercardMA | 20 of 42 | $11.0bn |
| Texas InstrumentsTXN | 20 of 26 | $4.3bn |
| AppleAAPL | 19 of 44 | $82.3bn |
New positions
Bought it for the first time this quarter.
- S&P GlobalSPGI
- Buyers
- 18 of 35
- Value
- $12.3bn
- Veeva SystemsVEEV
- Buyers
- 10 of 12
- Value
- $405m
- Celsius HoldingsCELH
- Buyers
- 5 of 6
- Value
- $307m
- Booking HoldingsBKNG
- Buyers
- 13 of 26
- Value
- $11.5bn
- MastercardMA
- Buyers
- 17 of 42
- Value
- $11.0bn
- WorkdayWDAY
- Buyers
- 12 of 13
- Value
- $5.7bn
- NetflixNFLX
- Buyers
- 9 of 18
- Value
- $3.5bn
- AccentureACN
- Buyers
- 9 of 24
- Value
- $2.6bn
- Devon EnergyDVN
- Buyers
- 11 of 15
- Value
- $1.6bn
- GE VernovaGEV
- Buyers
- 5 of 15
- Value
- $1.2bn
| Company | Buyers | Value |
|---|---|---|
| S&P GlobalSPGI | 18 of 35 | $12.3bn |
| Veeva SystemsVEEV | 10 of 12 | $405m |
| Celsius HoldingsCELH | 5 of 6 | $307m |
| Booking HoldingsBKNG | 13 of 26 | $11.5bn |
| MastercardMA | 17 of 42 | $11.0bn |
| WorkdayWDAY | 12 of 13 | $5.7bn |
| NetflixNFLX | 9 of 18 | $3.5bn |
| AccentureACN | 9 of 24 | $2.6bn |
| Devon EnergyDVN | 11 of 15 | $1.6bn |
| GE VernovaGEV | 5 of 15 | $1.2bn |
Most owned
Owned by the most long-term investors we follow.
- MicrosoftMSFT
- Owners
- 68
- Value
- $30.6bn
- AlphabetGOOGL
- Owners
- 66
- Value
- $49.9bn
- Amazon.comAMZN
- Owners
- 60
- Value
- $36.6bn
- AlphabetGOOG
- Owners
- 58
- Value
- $49.3bn
- VisaV
- Owners
- 52
- Value
- $28.7bn
- Meta PlatformsMETA
- Owners
- 50
- Value
- $25.9bn
- Berkshire HathawayBRK-B
- Owners
- 50
- Value
- $10.9bn
- Taiwan Semiconductor ManufacturingTSM
- Owners
- 47
- Value
- $25.0bn
- AppleAAPL
- Owners
- 44
- Value
- $82.3bn
- UnitedHealth GroupUNH
- Owners
- 43
- Value
- $15.1bn
| Company | Owners | Value |
|---|---|---|
| MicrosoftMSFT | 68 | $30.6bn |
| AlphabetGOOGL | 66 | $49.9bn |
| Amazon.comAMZN | 60 | $36.6bn |
| AlphabetGOOG | 58 | $49.3bn |
| VisaV | 52 | $28.7bn |
| Meta PlatformsMETA | 50 | $25.9bn |
| Berkshire HathawayBRK-B | 50 | $10.9bn |
| Taiwan Semiconductor ManufacturingTSM | 47 | $25.0bn |
| AppleAAPL | 44 | $82.3bn |
| UnitedHealth GroupUNH | 43 | $15.1bn |
Long-term investors we follow
Search the funds behind these numbers, or browse by investing style.
- Hotchkis & WileyDeep value
Hotchkis & Wiley team
- Value
- $34.3bn
- Stocks
- 460
- Top holdings
- WDAY, APA, AIG
- Pzena Investment ManagementDeep value
Richard Pzena
- Value
- $34.1bn
- Stocks
- 161
- Top holdings
- MGA, HUM, BAX
- Donald Smith & Co.Deep value
Jon Hartsel
- Value
- $5.6bn
- Stocks
- 66
- Top holdings
- AER, EGO, CGAU
- Kopernik Global InvestorsDeep value
David Iben
- Value
- $1.6bn
- Stocks
- 26
- Top holdings
- RRC, SA, EXE
- Fairholme Capital ManagementDeep value
Bruce Berkowitz
- Value
- $1.5bn
- Stocks
- 13
- Top holdings
- JOE, EPD, OZK
- Tweedy, BrowneDeep value
Tweedy Browne partners
- Value
- $1.3bn
- Stocks
- 91
- Top holdings
- CNH, IONS, KOF
- Aegis FinancialDeep value
Scott Barbee
- Value
- $633m
- Stocks
- 39
- Top holdings
- CVE, PDS, EQX
- Kahn BrothersDeep value
Thomas Kahn
- Value
- $633m
- Stocks
- 48
- Top holdings
- C, BAYRY, FLG
- Third Avenue ManagementDeep value
Matthew Fine
- Value
- $625m
- Stocks
- 55
- Top holdings
- TDW, BCC, VAL
- ValueWorksDeep value
Charles Lemonides
- Value
- $479m
- Stocks
- 38
- Top holdings
- INTC, MU, HPP
- Bruce & Co.Deep value
R. Jeffrey Bruce
- Value
- $369m
- Stocks
- 41
- Top holdings
- ABBV, ALL, AER
- Moerus Capital ManagementDeep value
Amit Wadhwaney
- Value
- $224m
- Stocks
- 14
- Top holdings
- JEF, CNH, ARCO
- Chou AssociatesDeep value
Francis Chou
- Value
- $217m
- Stocks
- 31
- Top holdings
- BRK-A, GOOG, SYF
- Stilwell ValueDeep value
Joseph Stilwell
- Value
- $174m
- Stocks
- 24
- Top holdings
- Wheeler Real Estate Invt TR, KWY, SFBC
- Cannell CapitalDeep value
J. Carlo Cannell
- Value
- $143m
- Stocks
- 34
- Top holdings
- ASIC, SNDL, NOA
| Fund | Style | Value | Stocks | Top holdings |
|---|---|---|---|---|
| Hotchkis & WileyHotchkis & Wiley team | Deep value | $34.3bn | 460 | WDAY, APA, AIG |
| Pzena Investment ManagementRichard Pzena | Deep value | $34.1bn | 161 | MGA, HUM, BAX |
| Donald Smith & Co.Jon Hartsel | Deep value | $5.6bn | 66 | AER, EGO, CGAU |
| Kopernik Global InvestorsDavid Iben | Deep value | $1.6bn | 26 | RRC, SA, EXE |
| Fairholme Capital ManagementBruce Berkowitz | Deep value | $1.5bn | 13 | JOE, EPD, OZK |
| Tweedy, BrowneTweedy Browne partners | Deep value | $1.3bn | 91 | CNH, IONS, KOF |
| Aegis FinancialScott Barbee | Deep value | $633m | 39 | CVE, PDS, EQX |
| Kahn BrothersThomas Kahn | Deep value | $633m | 48 | C, BAYRY, FLG |
| Third Avenue ManagementMatthew Fine | Deep value | $625m | 55 | TDW, BCC, VAL |
| ValueWorksCharles Lemonides | Deep value | $479m | 38 | INTC, MU, HPP |
| Bruce & Co.R. Jeffrey Bruce | Deep value | $369m | 41 | ABBV, ALL, AER |
| Moerus Capital ManagementAmit Wadhwaney | Deep value | $224m | 14 | JEF, CNH, ARCO |
| Chou AssociatesFrancis Chou | Deep value | $217m | 31 | BRK-A, GOOG, SYF |
| Stilwell ValueJoseph Stilwell | Deep value | $174m | 24 | Wheeler Real Estate Invt TR, KWY, SFBC |
| Cannell CapitalJ. Carlo Cannell | Deep value | $143m | 34 | ASIC, SNDL, NOA |