Superinvestor Tracker
← All Investors

Net Equity Flow

−$37B

Net Δ Exposure

−4.3%

Net Sellers

71%

Gross Bought

$79B

Gross Sold

$116B

Funds Measured

42

Across 42 tracked superinvestors, the cohort was a net SELLER of U.S. stocks this quarter (−$37B) — 30 of them (71%) sold more than they bought. 13F shows no cash, so read this as reduced equity exposure, not necessarily cash raised.

Net Buying vs Selling Over Time

−30BQ3 '2462%
−14BQ4 '2463%
−28BQ1 '2558%
+9.8BQ2 '2540%
−21BQ3 '2555%
−6.0BQ4 '2560%
−37BQ1 '2671%
Net buying Net selling% = share of funds net-selling

Equity Flow by Fund

#FundNet Δ (% of Book)Net Flow
1Daniel Loeb - Third Point−71.1%−$5.2B
2Philippe Laffont - Coatue Management−21.2%−$8.5B
3Terry Smith - Fundsmith−16.6%−$2.8B
4Stanley Druckenmiller - Duquesne Family Office−16.4%−$599M
5Chuck Akre - Akre Capital Management−15.8%−$1.4B
6Howard Marks - Oaktree Capital−15.3%−$941M
7Mohnish Pabrai - Pabrai Funds−14.6%−$59M
8Bill & Melinda Gates Foundation Trust−14.6%−$5.1B
9Chase Coleman - Tiger Global Management−9.4%−$2.8B
10David Tepper - Appaloosa Management−8.8%−$606M
11Carl Icahn - Icahn Capital−8.1%−$684M
12Prem Watsa - Fairfax Financial−6.6%−$136M
13Mason Hawkins - Southeastern Asset Management−6.4%−$144M
14Mario Gabelli - GAMCO Investors−5.3%−$547M
15John Paulson - Paulson & Co−4.7%−$154M
16Cathie Wood - ARK Invest−4.4%−$663M
17Chris Hohn - TCI Fund Management−3.7%−$2.0B
18Paul Singer - Elliott Management−3.5%−$502M
19Warren Buffett - Berkshire Hathaway−3.2%−$8.8B
20Li Lu - Himalaya Capital−3.2%−$115M
21Stephen Mandel - Lone Pine Capital−3.1%−$420M
22John Rogers - Ariel Investments−3.0%−$279M
23Bill Ackman - Pershing Square−2.4%−$368M
24David Abrams - Abrams Capital−2.2%−$127M
25Tom Russo - Gardner Russo & Quinn−1.4%−$130M
26Bruce Berkowitz - Fairholme Capital−1.0%−$14M
27Tweedy, Browne Company−0.9%−$11M
28Harris Associates (Oakmark Funds)−0.3%−$225M
29Andreas Halvorsen - Viking Global Investors−0.3%−$104M
30Seth Klarman - Baupost Group−0.2%−$12M
31Nelson Peltz - Trian Partners+0.1%+$3.6M
32Tom Gayner - Markel Group+0.7%+$93M
33Davis Selected Advisers+0.8%+$185M
34Leon Cooperman - Omega Family Office+1.0%+$30M
35Donald Yacktman - Yacktman Asset Management+1.4%+$101M
36Ron Baron - Baron Funds+1.6%+$597M
37George Soros - Soros Fund Management+3.0%+$218M
38Glenn Greenberg - Brave Warrior+5.5%+$237M
39David Einhorn - Greenlight Capital+9.6%+$267M
40Daniel Sundheim - D1 Capital+12.4%+$1.3B
41Joel Greenblatt - Gotham Asset Management+17.0%+$3.7B
42Bill Miller - Miller Value Partners+22.2%+$63M

% of book = net dollars (bought − sold) ÷ the stock book the fund held entering the quarter (its prior filing). Negative = net seller (reduced disclosed equity exposure); 13F shows no cash, so this is not literally cash raised. Funds with no trades this quarter are omitted.

Where the Crowd Agrees

Clustered New Buys

Clustered Exits

Hedging & Defensiveness (Puts)

Put Notional

$6.2B

vs Prior Quarter

−$2.7B

Funds Holding Puts

3

Puts ÷ Long Book

0.8%

#InvestorPut NotionalPut Positions
1Paul Singer - Elliott Management$4.0B12
2George Soros - Soros Fund Management$1.7B7
3Howard Marks - Oaktree Capital$551M3

Put and call values are the options' underlying NOTIONAL as reported on Form 13F — not the premium at risk — so a single index put can look enormous. Position and holder counts are shown alongside. Many conviction managers never use options at all.

Moves →Rankings →