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.
- Pershing SquareActivist
Bill Ackman
- Value
- $19.5bn
- Stocks
- 14
- Top holdings
- UBER, BN, MSFT
- Elliott Investment ManagementActivist
Paul Singer
- Value
- $14.3bn
- Stocks
- 17
- Top holdings
- TFPM, PSX, SU
- Icahn Enterprises (Carl Icahn)Activist
Carl Icahn
- Value
- $8.3bn
- Stocks
- 12
- Top holdings
- IEP, CVI, UAN
- ValueAct CapitalActivist
Mason Morfit
- Value
- $5.6bn
- Stocks
- 18
- Top holdings
- V, AMZN, RKT
- Sachem Head CapitalActivist
Scott Ferguson
- Value
- $4.8bn
- Stocks
- 19
- Top holdings
- TLN, STX, PRMB
- Third PointActivist
Dan Loeb
- Value
- $4.6bn
- Stocks
- 40
- Top holdings
- WBD, AMZN, GOOGL
- Starboard ValueActivist
Jeff Smith
- Value
- $4.5bn
- Stocks
- 21
- Top holdings
- QRVO, KVUE, DT
- Trian Fund ManagementActivist
Nelson Peltz
- Value
- $4.2bn
- Stocks
- 8
- Top holdings
- GE, Janus Henderson Group, SOLV
- Cevian CapitalActivist
Christer Gardell
- Value
- $3.7bn
- Stocks
- 3
- Top holdings
- UBS, ALV, CRH
- Corvex ManagementActivist
Keith Meister
- Value
- $3.2bn
- Stocks
- 24
- Top holdings
- ILMN, WGS, VSTS
- JANA PartnersActivist
Barry Rosenstein
- Value
- $1.9bn
- Stocks
- 10
- Top holdings
- MRCY, COO, LW
- Impactive CapitalActivist
Lauren Taylor Wolfe
- Value
- $1.4bn
- Stocks
- 8
- Top holdings
- VAC, WEX, ABG
- Irenic CapitalActivist
Adam Katz
- Value
- $1.4bn
- Stocks
- 43
- Top holdings
- SNAP, RAL, ITGR
- Biglari CapitalActivist
Sardar Biglari
- Value
- $1.2bn
- Stocks
- 12
- Top holdings
- BH, BH-A, RACE
- Engine CapitalActivist
Arnaud Ajdler
- Value
- $1.0bn
- Stocks
- 29
- Top holdings
- AVTR, NATL, BCO
- Oasis ManagementActivist
Seth Fischer
- Value
- $860m
- Stocks
- 101
- Top holdings
- MTN, APLD, ACMR
- Land & BuildingsActivist
Jonathan Litt
- Value
- $583m
- Stocks
- 19
- Top holdings
- AHR, SPG, FR
- Engaged CapitalActivist
Glenn Welling
- Value
- $323m
- Stocks
- 9
- Top holdings
- VFC, YETI, GXO
- Politan Capital ManagementActivist
Quentin Koffey
- Value
- $255m
- Stocks
- 2
- Top holdings
- CNC, AZTA
- Sarissa CapitalActivist
Alex Denner
- Value
- $178m
- Stocks
- 10
- Top holdings
- INVA, IRWD, AMRN
- Mantle RidgeActivist
Paul Hilal
- Value
- $0
- Stocks
- 0
- Top holdings
- —
| Fund | Style | Value | Stocks | Top holdings |
|---|---|---|---|---|
| Pershing SquareBill Ackman | Activist | $19.5bn | 14 | UBER, BN, MSFT |
| Elliott Investment ManagementPaul Singer | Activist | $14.3bn | 17 | TFPM, PSX, SU |
| Icahn Enterprises (Carl Icahn)Carl Icahn | Activist | $8.3bn | 12 | IEP, CVI, UAN |
| ValueAct CapitalMason Morfit | Activist | $5.6bn | 18 | V, AMZN, RKT |
| Sachem Head CapitalScott Ferguson | Activist | $4.8bn | 19 | TLN, STX, PRMB |
| Third PointDan Loeb | Activist | $4.6bn | 40 | WBD, AMZN, GOOGL |
| Starboard ValueJeff Smith | Activist | $4.5bn | 21 | QRVO, KVUE, DT |
| Trian Fund ManagementNelson Peltz | Activist | $4.2bn | 8 | GE, Janus Henderson Group, SOLV |
| Cevian CapitalChrister Gardell | Activist | $3.7bn | 3 | UBS, ALV, CRH |
| Corvex ManagementKeith Meister | Activist | $3.2bn | 24 | ILMN, WGS, VSTS |
| JANA PartnersBarry Rosenstein | Activist | $1.9bn | 10 | MRCY, COO, LW |
| Impactive CapitalLauren Taylor Wolfe | Activist | $1.4bn | 8 | VAC, WEX, ABG |
| Irenic CapitalAdam Katz | Activist | $1.4bn | 43 | SNAP, RAL, ITGR |
| Biglari CapitalSardar Biglari | Activist | $1.2bn | 12 | BH, BH-A, RACE |
| Engine CapitalArnaud Ajdler | Activist | $1.0bn | 29 | AVTR, NATL, BCO |
| Oasis ManagementSeth Fischer | Activist | $860m | 101 | MTN, APLD, ACMR |
| Land & BuildingsJonathan Litt | Activist | $583m | 19 | AHR, SPG, FR |
| Engaged CapitalGlenn Welling | Activist | $323m | 9 | VFC, YETI, GXO |
| Politan Capital ManagementQuentin Koffey | Activist | $255m | 2 | CNC, AZTA |
| Sarissa CapitalAlex Denner | Activist | $178m | 10 | INVA, IRWD, AMRN |
| Mantle RidgePaul Hilal | Activist | $0 | 0 | — |