Facebook Inc. and NXP Semiconductors NV were among the losers as investors scoured 13F filings of top fund managers to glean trading ideas and parse out trends from the third quarter. Banks were among the winners after a big bet from Warren Buffett.
Third Point, Jana and Sachem Head sold off their positions in Facebook in the third quarter, while David Tepper, Stanley Druckenmiller’s family office, and Philippe Laffont’s Coatue Management reduced their stakes. Third Point, Jericho, Magnetar and Moore Capital were among funds that exited their stakes in NXP Semiconductors after its deal with Qualcomm was terminated.
Buffett’s Berkshire Hathaway ramped up its bet on banks with stakes in JPMorgan and PNC, while also boosting its position in Bank of America by 29 percent and Goldman Sachs by 38 percent. Berkshire sold out of Walmart and Sanofi in the quarter.
Some funds added new Apple stakes in the quarter including Tiger Global, Appaloosa and Columbus Circle, while Renaissance Technologies exited its position. The filings only reflect holdings as of Sept. 30 so it’s too early to see how funds fared during October’s massive sell-off in tech stocks.
Here are the U.S. holdings of money managers as of Sept. 30:
ADAGE CAPITAL PARTNERS GP
Top new buys: ETR, TXT, CXO, EGN, WAB, LIN, GNTX, BLD, SRE, RTN Top exits: SHW, NOC, RS, MPC, JAZZ, NGG, RXN, PCAR, ZAYO, TFX Boosted stakes in: SHPG, AA, COL, WMT, WM, BURL, CNP, AAL, ESRX, TIF Cut stakes in: DLTR, WFC, LMT, EVRG, GE, EMR, MMM, FB, AAP, HII
ANCORA ADVISORS
Top new buys: CFG, UIS, MGM, VRA Top exits: SPSC Boosted stakes in: HSIC, AAPL Cut stakes in: MATW, ACCO, VREX, VOYA
APPALOOSA MANAGEMENT
Top new buys: STT, WMB, AAPL Top exits: WFC, ALLY, UBS, KEY, WDC, SYMC, CFG, KNX, UAL, EDU Boosted stakes in: PCG, COOP, NRG, VST, BYD, SUM Cut stakes in: MU, FB, BABA, AGN, GOOG, BAC, TMO, LRCX, TMUS, BSX
BALYASNY ASSET MANAGEMENT
Top new buys: EFX, C, APC, USB, GD, ABT, QQQ, MS, CHTR, FEYE Top exits: ETFC, BIDU, DUK, FB, XOM, AEE, GM, MA, ERJ, PYPL Boosted stakes in: DIS, CNP, NFLX, SRE, V, IR, TSN, COP, CAT, ETR Cut stakes in: CMA, STI, DLTR, ADS, SBUX, IP, EVRG, BA, WFC, ALL
BARINGTON CAPITAL
Top new buys: LB, RYAM Top exits: EPC, VIAB, VIA Boosted stakes in: AVP, ESL, BLMN Cut stakes in: NWL, M, EBIX, TRS
BAUPOST GROUP
Top new buys: YPF, UNVR Top exits: T Boosted stakes in: PCG, FOXA, FOX, TRCO, ABC, MCK, SBGI Cut stakes in: SYF, AMC, VRTV, CAH
BERKSHIRE HATHAWAY
Top new buys: JPM, ORCL, PNC, TRV Top exits: SNY, WMT Boosted stakes in: AAPL, BAC, USB, GS, DAL, BK, GM Cut stakes in: PSX, WFC, AAL, CHTR, UAL, LUV
BLUECREST CAPITAL MANAGEMENT
Top new buys: FSAC, AMLP, USWS, PBCT, AIMC, MFAC, VZ, NRCG, CMCSA, TKKS Top exits: PFE, IT, BP, GSK, CTAS, AVGO, SEE, MOH, CENX, PSTG Boosted stakes in: T, AAPL, HYAC, ESRX, AET, VRRM, GOOGL, FOXA, IFF, SHPG Cut stakes in: KNX, PEP, LFUS, MPWR, CXO, AZPN, MKSI, LOPE, RDS/A, CELG
BLUE HARBOUR GROUP
Top new buys: BERY, JACK, G Top exits: FCE/A, AXTA Boosted stakes in: ON, GWR, WCC Cut stakes in: COMM, IWM, SPY, XLNX
BLUEMOUNTAIN
Top new buys: HNGR, ESV, NE, GDDY, KBR, SITE, LUV, BJ, LNG, JBLU Top exits: BP, PXD, VST, LKQ, BV, DNB, BCO, T, NOC, FL Boosted stakes in: PCG, CF, HCC, MFA, CNP, TEVA, SLCA, JNJ, GLNG, COLM Cut stakes in: VLO, DVN, CLR, NRG, OAS, HK, PAGP, NFX, HFC, URBN
BRIDGEWATER ASSOCIATES
Top new buys: GE, PVH, DVA, WYNN, SWKS, M, ILMN, CL, DHI, MOS Top exits: PCG, KMB, DISCA, INTU, UPS, SBUX, VZ, KO, DIS, CCL Boosted stakes in: INTC, X, GPS, PHM, WHR, RY, URBN, TD, LYB, WU Cut stakes in: CVS, ORCL, WBA, CAH, CAT, MCD, CMI, CVX, XEC, CLF
CANYON CAPITAL
Top new buys: GE, AGN, RDC Top exits: ORIG, NXPI Boosted stakes in: DVMT, AET, ARNC Cut stakes in: AABA
CARLSON CAPITAL
Top new buys: CNP, EIX, ESRX, ETN, FHB, WLTW, WTFC, ES, PH, TMUS Top exits: ETR, DLTR, STT, PRU, LII, RF, CE, EMR, PNW, ROST Boosted stakes in: AET, SHPG, EGN, MTB, COL, RRC, MIC, FOX, HUBB, AZO Cut stakes in: NXPI, CMA, IR, LDOS, VMC, AMH, MLM, MDLZ, STAG, ADM
CITADEL ADVISORS
Top new buys: BABA, TSM, EXC, ICE, AMD, ELLI, DBX, BF/B, OIBR/C, TRCO Top exits: CHD, BKNG, SGEN, IEMG, EFA, VCSH, ECL, BKH, HII, MKC Boosted stakes in: MS, T, NFLX, LOW, LMT, PNC, MCHP, INTC, QQQ, FB Cut stakes in: GS, KDP, KEY, DVN, DE, AMAT, CSX, NOC, GM, K
CLINTON GROUP
Top new buys: PYPL, BAX, DRI, ICE, CTAS, PXD, CPRT, ETN, NKE, CMCSA Top exits: EL, CAT, ABBV, LMT, VZ, CAG, HRB, BA, ZBRA, NEM Boosted stakes in JPM, JNJ, NEE, SPGI, FTV, MSFT, AEE, MO, PEG, EBAY Cut stakes in PGR, AVY, MCK, AA, HUM, COLM, LPX, KGC, VIAB, MRK
COATUE MANAGEMENT
Top new buys: QCOM, ROKU, DATA, NKE, MSI, WDC, V, PDD, CRM, VMW Top exits: JD, INTC, AAXN, QD, CNK, HLF, NDLS, GPS, PETS, AEO Boosted stakes in: AAPL, NOW, CMG, HTZ, DDS, PLAY, SIG, HABT, SBUX, JWN Cut stakes in: TWTR, EA, FB, SHOP, TAL, MU, ATVI, ADBE, AMZN, NFLX
COLUMBUS CIRCLE
Top new buys: AAPL, ULTI, CSX, IRBT Top exits: ETFC, MLCO, TWO, CLR Boosted stakes in: DXCM, GRUB, WCG, ABMD Cut stakes in: KNX, FB, TER
CORSAIR
Top new buys: TDW, TIVO, ROSE Top exits: REVG, BABY, HMHC, ADNT, HK, ITI Boosted stakes in: RHP, WSC, FMC, PLYA, GSL Cut stakes in: TROX, SPXC, HUN, IGT, AXTA, FLEX, HDS, BSIG, IPI, FRED
CORVEX MANAGEMENT
Top new buys: DLTR, FLMN, VMC, TSG Top exits: CRM, CHTR, T, FOXA, CTL, PAGP Boosted stakes in: MHK, GOOGL, MGM Cut stakes in: BAC, FB, JBLU, NXPI, TMUS, ICE, MDCO, NOW, FG, MSFT
DUQUESNE FAMILY OFFICE
Top new buys: PYPL, ABT, C, NOW, MDT, ZEN, FOXA, TMUS, QCOM, ALXN Top exits: MPC, DVN, ATVI, TAL, CLVS, CTRP, SQ, FCX, NBR, PAGS Boosted stakes in: MSFT, IBB, ADBE, GOOGL, GILD, XLE, EA, ACIU Cut stakes in: FB, BABA, NFLX, STMP, SPLK, ADSK, AMZN, WDAY, OIH, COUP
ELLIOTT MANAGEMENT
Top new buys: FE, NLSN, XOP, SABR, CYH, SMH, VNQ, RIG, MITK, IGV Top exits: ISBC, WIT Boosted stakes in: SRE, DVN, HES, QEP Cut stakes in: NXPI, BTU, CDK, QQQ, IMPV, VMW, DISH, MD
EMINENCE CAPITAL
Top new buys: NCLH, PEGA, FSCT Top exits: MGM, ADSK, FB, YELP, HAIN, MHK, CTRP Boosted stakes in: IQV, WEN, CF, BERY, MSFT, QSR, TTWO, ICE, INXN, EFX Cut stakes in: LEN, ELLI, PTC, CSOD, CYBR, USFD, ABG, P, MSTR, GOOG
ENGAGED CAPITAL
Top new buys: INWK, PBYI, ASTE Top exits: CASY, CCRN Boosted stakes in: NCR, PETX, BHE, ANIK, GRPN Cut stakes in: RCII, BW, CLS, UEIC
FAIRHOLME CAPITAL
Top new buys: BRK/B Top exits: C, OAK, CLPR Boosted stakes in: SPB Cut stakes in: JOE, T, SHLDQ, VSTO, VST
FRONTFOUR CAPITAL
Top new buys: MCC, DIS Top exits: MGM, TROX, CPG, PAH, SBGI, FRED, SPA, MX Boosted stakes in: VAC, MDCA, NXST, GRP/U, BERY, COOP, CBT, CLNY, BLDR, OBE Cut stakes in: IPHS, CTL, PQG, LPX, ASH
GLENVIEW CAPITAL
Top new buys: NXPI, NUAN, SYMC, DLTR, WP, BHC, LYB, ALB Boosted stakes in: HOLX, ESRX, CVS, ARMK, AET, FDX, ANTM, CHTR, MTOR, FBHS Cut stakes in: SHPG, FLEX, WBA, NWL, CI, LH, EBAY, LOW, WMB, VER
GREENLIGHT CAPITAL
Top new buys: SDRL, TSCO, SHW, KORS Top exits: MYL, TWTR, AAPL, MU, CLPR, DSW, GPS, DG, TJX, AZO Boosted stakes in: IAC, ADNT Cut stakes in: GM, PRGO, VOYA, MDCO, AER NOTE: Oct. 5, Greenlight Capital Funds Fell 9.1% in 3Q, 26% YTD: Letter
HIGHFIELDS CAPITAL MANAGEMENT
Top new buys: MGM, LLY Top exits: DIS, TV, FDX, CVS, MIK Boosted stakes in: SHPG, MHK Cut stakes in: NXPI, CMCSA, TEVA, FOXA, GOOGL NOTE: Oct. 3, Highfields Will Return Money to Investors After Two Decade
ICAHN ASSOCIATES
Top exits: CI Boosted stakes in: EGN, IEP, NWL Cut stakes in: VMW, LNG
IMPALA ASSET MANAGEMENT
Top new buys: DAL, VALE, JNUG, PLCE, URI, LVS, UAL, ALK, SWK, HTHT Top exits: SCCO, GPS, JCP, JWN, NTNX, TLRD, NTR, BLDR, HOME, MNST Boosted stakes in: LUV, NSC, RCL, CAT, STZ, RIO, TECK, TTWO, THO, HES Cut stakes in: NVR, KNX, HOG, NAV, BC, CCL, NFX, DHI, MAR, BLL
JANA PARTNERS
Top new buys: EXAS, KDP, FLMN, HAIN, DLTR, FTCH, CVNA, EDU, SVMK, ARLO Top exits: FB, WFC, GOOGL, RPM, GRUB, LRCX, ADP, BV, GSKY, MRVL Boosted stakes in: GDX, AAPL, ADBE, EA Cut stakes in: TIF, ADSK, ANTM, HDS, MSFT, JACK, BSX, BABA, A, ZAYO
LAKEWOOD CAPITAL
Top new buys: UTX, WUBA, CWK, YNDX, CI Top exits: RLGY, FB Boosted stakes in: CMCSA, ASND, LAD, BIDU, FDX Cut stakes in HCA, ADNT, MA, GOOGL, ALLY
LAND & BUILDINGS INVESTMENT MANAGEMENT
Top new buys: LPT Top exits: LSI Boosted stakes in: MGM Cut stakes in: CLI, SBAC
LONE PINE CAPITAL
Top new buys: FDC, UNP, NIO Top exits: BKNG, DLTR, SBAC, SQ, MHK, PAGS Boosted stakes in: BABA, ADBE, MSFT, GOOG, CP, ATVI, NVDA, WYNN, NOW, STZ Cut stakes in: UNH, CSX, FLT, MELI, AMZN, TRU, PYPL, IQV
MAGNETAR FINANCIAL
Top new buys: EGN, CA, IDTI, Top exits: NXPI Boosted stakes in: SHPG Cut stakes in: PE
MARCATO
Top new buys: IMAX, CPLG Boosted stakes in: TEX, THRM Cut stakes in: IAC, ITRI, DXC, BLDR, AIR, TPHS, VRTS NOTE: Oct. 29, Marcato Recommends CorePoint Lodging and Extended Stay America
MASON CAPITAL
Top new buys: FOXA, NXPI, VMW Top exits: FE Boosted stakes in: KDP, XRX Cut stakes in: DVMT
MAVERICK CAPITAL
Top new buys: CBS, STZ, BAX, YUM, AAL, PVH, UAL, MTCH, TXRH, FL Top exits: DLTR, AAOI, FLT, AMRX, HD, DECK, WMT, GPS, GRUB, URBN Boosted stakes in: ANTM, LRCX, BIDU, COMM, ALNY, AMAT, TMUS, MA, LUV, AZO Cut stakes in: FB, GOOG, MHK, V, CIEN, CNC, BABA, ADBE, TIF, CASY
MARSHALL WACE
Top new buys: TMUS, AXGN, TSM, BRX, IDXX, GPS, CMG, ACGL, JEC, MTN Top exits: SCI, NTRS, CME, NKE, MU, SRCL, JPM, IBN, FLT, AXP Boosted stakes in TFX, ATVI, BBY, DGX, SPGI, MCD, BURL, ROST, ZTS, VRTX Cut stakes in BABA, BAC, DISCK, AVGO, UNH, SAGE, GS, AJG, GILD
MELVIN CAPITAL MANAGEMENT
Top new buys: NFLX, SPOT, NVDA, IQV, WP, IT, PANW, SYK, PLNT, ADS Top exits: THO, BIDU, FLT, USFD, IAC, GIL, H, MGM, GPS, ADBE Boosted stakes in: STZ, WYNN, MSFT, EA, PAGS, RACE, RCL, FDC, BABA, MA Cut stakes in: AMZN, GOOGL, V, YNDX, PYPL, ADSK, TTWO, CRM, EDU, DPZ
MOORE CAPITAL MANAGEMENT
Top new buys: EEM, NFLX, WP, ETFC, NCLH, ORLY, RL, TPX, FDS, DG Top exits: NXPI, Z, YNDX, TGT, AVGO, NVDA, SPY, LNG, GPS, ATVI Boosted stakes in: FDC, PVH, AMP, SIVB, VOYA, V, GOOGL, SPOT, RCL, ULTA Cut stakes in: FB, FBP, MOMO, GDS, WFC, HUD, LIN, CME, DOMO, BABA
NEUBERGER BERMAN GROUP
Top new buys: FL, EBS, FDC, SODA, ARES, CRTO, STM, BL, UNVR, PODD Top exits: ICLR, SPOT, ARRS, BAP, DOX, PZZA, CLB, TSEM, NATI, MTCH Boosted stakes in: MCD, MSI, CXO, RHT, ATVI, BKNG, UTX, BRK/B, CMCSA, CVS Cut stakes in: FB, MLM, ADI, SYMC, ET, MHK, RYAAY, OKE, KSU, EXPE
OAKTREE CAPITAL MANAGEMENT
Top new buys: COOP, SMCI, BBD, YUMC, NXPI, PAM, HK, OIBR/C, TGS, FPI Top exits: SPY, SMH, RYAM, NCMI, BMA Boosted stakes in: TSM, PCG, CX, VALE, IBN, CEO, TEO, BRFS, AZUL, SIGA Cut stakes in: VST, TRCO, INFY, VRS, ITUB, EURN, VICI, UPL, NOG, BXE
OMEGA ADVISORS
Top new buys: NLSN, CI, COOP Top exits: AER, SYF, HUM, PYPL, IQV, VVV, LEN, SPB, KKR, ADSK Boosted stakes in: MGY, SBGI, FRAC, BC, NBR, TCRD Cut stakes in: HES, FDC, ADBE, FB, GOOGL, EMN, MXL, PE, MU, NEWM
PASSPORT CAPITAL
Top new buys: HEWJ, UNH, NFLX, ARKG Top exits: OSTK, HABT, NSU Cut stakes in: TAHO, ZUO
PAULSON & CO.
Top new buys: NLSN, DNB, P, CME, BSIG, ESRX Top exits: VST, EGN, CTL, CMCSA, HAIN Boosted stakes in: DISCK, SHPG, AET, GOLD, NXPI Cut stakes in: TMUS, AKRX, MITL, MNK, AGN, T, COL, MYL, HZNP, ENDP
PERSHING SQUARE
Top exits: MDLZ Boosted stakes in: LOW, UTX Cut stakes in: CMG, HHC, ADP
POINT72 ASSET MANAGEMENT
Top new buys: QCOM, NFLX, AAPL, PVH, AOS, WFC, NVDA, NVS, ZBH, FEYE Top exits: FOXA, MU, GPS, PNC, MRK, H, KNX, HSIC, COP, WCG Boosted stakes in: CI, PXD, SPOT, APC, ATVI, RCL, HCA, CVS, A, PANW Cut stakes in: GOOGL, TTWO, RRR, CXO, AMZN, PE, BIDU, GILD, HAL, SYK
POINTSTATE CAPITAL
Top new buys: URI, MA, GWRE, PTC, BAC, FANG, RCL, CAT, TDG, XLV Top exits: FB, FE, TEVA, VRTX, JD, ALXN, PXD, LRCX, NXPI, STM Boosted stakes in: NSC, NOW, LNG, SU, CRM, BA, SHPG, XOP, LYB, PAGP Cut stakes in: AET, CVX, FOXA, CI, TRGP, ADSK, MSFT, GOOGL, MDCO, CLVS
RAGING CAPITAL
Top new buys: TRCO, LNTH, NTP, TLRY, MNKD Top exits: QCOM, WAGE, AINC Boosted stakes in: BLDR, SBGI, MRAM Cut stakes in: AMBC, RDCM, JELD, BMCH, BPOP, PKE, XLNX, SPLP, UAN, HLIT
RENAISSANCE TECHNOLOGIES
Top new buys: JPM, GOOGL, KO, MDT, ORCL, ADP, TXN, EDU, AMAT, PSX Top exits: AAPL, AMZN, WMT, GS, LMT, AXP, AMD, CMI, SFLY, NSC Boosted stakes in: FOXA, PANW, MOH, CMG, CVX, HUM, NVDA, HD, PGR, VRSN Cut stakes in: JNJ, CMCSA, EA, PM, CELG, ISRG, BBY, ABEV, NOC, WM
SANDELL ASSET MANAGEMENT
Top new buys: AET, FOXA, DNB, ESRX, FCE/A, WP, MA, V, PYPL Top exits: NXPI, OCLR, ALLY, LHO, MGI Boosted stakes in: ZAYO, CSX, MGM Cut stakes in: AVA, COL, ORBK, TMUS
SARISSA
Top exits: APRI Cut stakes in: SHPG, ICPT
SENATOR INVESTMENT
Top new buys: CHTR, UNP, C Top exits: FOXA, HD, BKI Boosted stakes in: EFX, ICE, XPO Cut stakes in: FB, DHI, AGN, LNG, CZR
SOROBAN CAPITAL
Top new buys: BKNG, BABA, FB, QRVO Top exits: GOOGL, MGM, FWONK Boosted stakes in: MHK, GRA, NXPI Cut stakes in: AVGO, NSC, AXTA
SOROS FUND MANAGEMENT
Top new buys: TRCO, ADM, DIS, KHC, MDLZ, MU, IDTI, ELAN, HSY, CF Top exits: NXPI, COL, NOW, EA, SIGM, FB, TTWO, IAC, DISCA, URBN Boosted stakes in: MSFT, I, ESRX, SIVB, COUP, AAPL, GSKY, ATVI, UNH, QCOM Cut stakes in: SPOT, NFLX, JPM, WFC, BAC, AET, C, USB, T, TIVO
STARBOARD VALUE
Top new buys: SYMC Top exits: MAC, ASRT, SCOR Boosted stakes in: RPM, BAX, MRVL Cut stakes in: NWL, MLNX, BMS
STEADFAST CAPITAL
Top new buys: NTES, AVGO, BABA Top exits: FB, MTCH, NOW Boosted stakes in: IQV, WMB, NRG Cut stakes in: MSFT, ULTA, IAC
TEMASEK HOLDINGS
Top new buys: FTCH, BP, AYX Top exits: VRTX, AMGN, XTN, CELG, INCY, MDT, DIS, AMRS, NETS Boosted stakes in: RDS/B, ACIU, COUP Cut stakes in: BABA, JD, BMRN, TRQ, ILMN, ALXN, REGN, NFX, AVGO
TIGER GLOBAL MANAGEMENT
Top new buys: EB, SVMK, AAPL, ZEN, TWLO, PDD, FTCH, TENB Top exits: GDS Boosted stakes in: BABA, ADBE, NOW, MDB, SE, SWCH, RUN, BKNG, EDU, UXIN Cut stakes in: TWTR, FB, DESP, TDG, MELI, HUYA, RDFN, MSFT
THIRD POINT
Top new buys: AXP, MRK, SHPG, IQV, FANG, WPX, ARCE Top exits: NXPI, FB, VMC, WYNN, EA, SHW, EGN, PVH, CWH, A Boosted stakes in: CPB, MSFT, UTX, STZ, ADBE, WP, MPC, DE, BABA Cut stakes in: NFLX, LEN, SPGI, PYPL, CRM NOTE: Third Point Takes New Stake in American Express in 3Q: Letter
TRIAN
Boosted stakes in: PPG, MDLZ, GE Cut stakes in: SYY
TUDOR INVESTMENT
Top new buys: HNGR, KMG, AYX, TPR, TIF, EGL, FTCH, MNST, ORLY, DLR Top exits: EBAY, MDLZ, IQV, ORCL, QCOM, DG, SRPT, ADP, EXAS, BZUN Boosted stakes in: FCE/A, LHO, MPC, AAPL, MSFT, TXN, NXPI, T, ADBE, ROKU Cut stakes in: COL, HD, BIDU, JD, JPM, NKE, VZ, UNH, VIPS, FOXA
VALUEACT
Top new buys: XRAY, HE, SYMC Top exits: FOX Boosted stakes in: C, MS, STRA, SLM, EVA, STX Cut stakes in: AWI
VIKING GLOBAL INVESTORS
Top new buys: PCG, BERY, RACE, WYNN, MYL, BSX, ADI, EXAS, PGR, AON Top exits: BUD, X, CP, DPZ, HBI, MELI, EQH, EFX, AET, XRAY Boosted stakes in: BABA, DIS, GE, MPC, ANTM, CRM, AMZN, BMRN, OLN, NFLX Cut stakes in: FB, GOOGL, UTX, HIG, ADSK, V, PE, RJF, LEN, LNC
WHALE ROCK
Top new buys: WDAY, OKTA, CRM, NOW, PS Top exits: VMW, Z, ALVR, HUBS, LITE Boosted stakes in: TWLO, AMZN, CDAY, SQ, MTCH, ROKU Cut stakes in: TLND, SGMS, FB, KLIC, BABA
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