Here Are Top Institutions' Q2 Stock Buys And Sells by 13F Filings

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Top institutions have sequentially disclosed their investment portfolios for the second quarter, with 13F filings revealing where this "smart money" has been allocated.

Here Are Top Institutions' Q2 Stock Buys And Sells by 13F Filings

Berkshire Hathaway

Warren Buffett offered more details on Wednesday about the stocks he has been selling lately, including confirming that he sold more than 389 million $Apple (AAPL.US)$ shares during the second quarter.

Berkshire Hathaway still owns 400 million shares of the iPhone maker, so it remains the biggest position in the conglomerate's stock portfolio, according to the company's latest 13F filings. The remaining top five positions are $Bank of America (BAC.US)$, $American Express (AXP.US)$, $Coca-Cola (KO.US)$, and $Chevron (CVX.US)$.

In addition to the big $Apple (AAPL.US)$ sale, Berkshire has also been trimming its investments in $Bank of America (BAC.US)$, $Chevron (CVX.US)$, $Capital One Financial (COF.US)$, and $T-Mobile US (TMUS.US)$ recently. Berkshire also unloaded its nearly $1 billion $Snowflake (SNOW.US)$ investment.

As a result of all the selling, Berkshire's already massive cash pile has ballooned to the record level of $277 billion.

But Berkshire did sink more money into the insurer $Chubb Ltd (CB.US)$ and oil producer $Occidental Petroleum (OXY.US)$, while revealing smaller new investments in aerospace parts maker $Heico (HEI.US)$ and cosmetics retailer $Ulta Beauty (ULTA.US)$.

Baillie Gifford

Baillie Gifford's 13F portfolio value decreased slightly this quarter to $128.4B, with top holdings in $NVIDIA (NVDA.US)$, $MercadoLibre (MELI.US)$, $Amazon (AMZN.US)$, $Moderna (MRNA.US)$, and $Spotify Technology (SPOT.US)$.

A new stake was established in e.l.f. Beauty, with an increase of approximately 3.8 million shares in the second quarter. There were also increases in stakes in PDD Holdings, Coupang and Netflix.

In the second quarter, Baillie Gifford reduced its positions in several U.S. tech stocks, including a 20.34% decrease in its holdings of $NVIDIA (NVDA.US)$. However, even after the reduction, Nvidia remains the largest holding in Baillie Gifford's portfolio.

Bridgewater

Bridgewater Associates has disclosed 877 total holdings in their latest SEC filings. Most recent portfolio value is calculated to be $19.2 billion. Bridgewater Associates’s top 5 holdings are $iShares Core S&P 500 ETF (IVV.US)$, $iShares Core MSCI Emerging Markets ETF (IEMG.US)$, $Alphabet-A (GOOGL.US)$, $NVIDIA (NVDA.US)$, and $Procter & Gamble (PG.US)$.

Like the "Oracle of Omaha" Warren Buffett, the Bridgewater has significantly reduced its stake in $Apple (AAPL.US)$. In the second quarter, Bridgewater's holdings of Apple decreased by approximately 1.37 million shares, a sharp reduction of 74.5% from the previous quarter. $Eli Lilly and Co (LLY.US)$, known for launching the star weight-loss drug Mounjaro and Zepbound, is the stock with the second-largest reduction in holdings after Apple.

The 13F filings also reveal that in the second quarter, Bridgewater significantly increased its stakes in two major holdings, $Amazon (AMZN.US)$ and $Microsoft (MSFT.US)$. Specifically, during the second quarter, Amazon was boosted by nearly 1.6 million shares, valued at approximately $309 million, and Microsoft saw an increase of about 510,000 shares, valued at around $228 million.

ARK

In latest 13F Holdings report, ARK Investment reported an equity portfolio of $11.3 billion as of 30 Jun, 2024.

The top stock holdings of ARK Investment are $Tesla (TSLA.US)$, $Coinbase (COIN.US)$, $Roku Inc (ROKU.US)$, $Block (SQ.US)$ and $Roblox (RBLX.US)$. The fund has invested 9.3% of it's portfolio in $Tesla (TSLA.US)$ and 7% of portfolio in $Coinbase (COIN.US)$.

ARK Investment significantly reduced their stock positions in $Zoom Communications (ZM.US)$, $Coinbase (COIN.US)$ and $Robinhood (HOOD.US)$. ARK's holdings in $Zoom Communications (ZM.US)$ decreased by approximately 3.81 million shares, a sharp quarter-over-quarter reduction of 60.16%. Holdings in $Coinbase (COIN.US)$ decreased by about 862,000 shares, a reduction of 19.5% from the previous quarter.