S&P 500

Super-Investors

What legendary value managers own — from their latest SEC 13F filings (U.S. long equity, filed ~45 days after quarter-end).

This quarter's storyQ ending 2026-03-31· AI synthesis of the roster's consensus 13F moves

This quarter, the cohort demonstrated a clear rotation toward semiconductor infrastructure and financial data moats while actively trimming select mega-cap tech and consumer discretionary names. Despite mixed flows in Amazon and Alphabet, the aggressive selling of Microsoft and UnitedHealth suggests a desire to lock in gains from previous market leaders. Meanwhile, broad initiations in semiconductor ETFs and individual chipmakers highlight a continued, targeted bet on AI hardware over software, alongside a hunt for value in niche media and industrial equipment.

Leaning Into AI Hardware & Semiconductors
Managers aggressively initiated and added to semiconductor exposure, preferring the picks-and-shovels hardware layer. This was evidenced by broad buying in a major semiconductor ETF and individual chipmakers.
Accumulating Financial Moats
The cohort showed strong conviction in payment networks and financial data providers, adding to wide-moat compounders with high pricing power.
Taking Profits in Software & Consumer Discretionary
Investors leaned out of previous market darlings, heavily trimming Microsoft and UnitedHealth, alongside consumer-facing names like Target, Chipotle, and MercadoLibre.
Initiating Niche Value Plays
A surprising consensus emerged around specific media and industrial equipment names, indicating a hunt for value and cyclical exposure outside of the mega-cap tech space.
VSNTDNOWSUNB

As of 6/30/2026. 13F is a lagged, long-only snapshot.

Warren Buffett · Berkshire Hathaway

13F as of 2026-03-31 · filed 2026-05-15

Quality businesses at fair prices; decades-long holds.

Portfolio $263.1BPositions 29Top 10 91%
New buys
DAL 1.0%GOOG 0.4%M 0.0%
Sold out
VMAUNHDPZAON PLCPOOLAMZNHEIFWONKCHTRLAMRALLEGION PLC
#TickerCompany% PortValueQ/Q
1AAPLAPPLE INC22.0%$57.8B
2AXPAMERICAN EXPRESS CO17.4%$45.9B
3KOCOCA COLA CO11.6%$30.4B
4BACBANK AMERICA CORP9.5%$25.0B
5CVXCHEVRON CORPORATION6.6%$17.5B-35%
6OXYOCCIDENTAL PETE CORP6.5%$17.2B
7GOOGLALPHABET INC5.9%$15.6B+204%
8CHUBB LTD SWITZ4.2%$11.2B
9MCOMOODYS CORP4.1%$10.8B
10KHCKRAFT HEINZ CO2.8%$7.3B
11DVADAVITA INC1.8%$4.6B-5%
12KRKROGER CO1.4%$3.6B
13SIRISIRIUSXM HOLDINGS INC1.1%$2.9B
14DALDELTA AIR LINES INC1.0%$2.6BNEW
15VRSNVERISIGN INC0.8%$2.2B
16COFCAPITAL ONE FINL CORP0.5%$1.3B
17NYTNEW YORK TIMES CO MTN BE0.5%$1.3B+199%
18ALLYALLY FINL INC0.4%$1.1B
19GOOGALPHABET INC0.4%$1.0BNEW
20LLYVKLIBERTY LIVE HOLDINGS INC0.4%$996M
21LENLENNAR CORP0.3%$877M+43%
22NUENUCOR CORP0.3%$661M-39%
23LLYVALIBERTY LIVE HOLDINGS INC0.2%$457M
24LPXLOUISIANA PAC CORP0.2%$412M
25STZCONSTELLATION BRANDS INC0.0%$95M-95%