Superinvestors shopping. It is a valuable measure of the overall economy

Superinvestors shopping.  It is a valuable measure of the overall economy

Almost all managers with assets worth more than $100 million have already filed their 13F reports for Q4 2023. So what stocks and sectors have super investors like Warren Buffett and Michael Burry been interested in as an indication of which areas may experience growth in these uncertain times?

– In a period of growing popularity of artificial intelligence and with the Nasdaq 100 index increasing by 10.8%. over the past three months, the largest investors massively sold shares, primarily from the technology sector, which accounted for 1.066%. their total portfolio. An analysis of net stock purchases (total purchases minus sales) from individual sectors shows that in the last quarter of 2023, super investors sold shares from almost all sectors, which in total accounted for 2.9%. the value of all assets held. The sale of shares of technology companies seems to continue the trend noticed already in Q3 2023 – notes Grzegorz Dróżdż, analyst at Conotoxia Ltd.

Investors buy Google shares

Despite the general trend of sell-off of technology shares, the most frequently purchased company was Alphabet (Google), whose shares were purchased by as many as eight super-investors. Microsoft came in second place, followed by Amazon and Visa.

Warren Buffett, known for his conservative approach to long-term investing, has made significant changes to his portfolio.

  • The most striking thing was the sale of 77%. shares in HP Inc., a manufacturer of computers and printers, which accounted for 0.7 percent. value of the entire portfolio.

  • The second largest transaction was the purchase of shares of Chevron Corp., a giant in the fuel industry, which increased the portfolio by 0.68%.

  • In third place is the correction of shares in Apple, the largest item in Buffett’s portfolio, which influenced the fund’s portfolio by 0.55%.

Michael Burry Shopping

Michael Burry, famous for predicting the 2008 financial crisis and famous for frequently changing his investment portfolio, has made some significant moves. At the end of the third quarter of last year Burry opened positions on the decline in the semiconductor sector. Using options, he bet on the decline in the value of the iShares Semiconductor ETF fund, which at that time amounted to 47.86%. the value of his portfolio, and purchased options on the decline in the shares of Booking Holdings Inc. (7.79 percent of the portfolio value). However, in the last quarter of 2023, it closed these positions at a loss.

– It seems that he has changed his approach significantly, making numerous new purchases to his portfolio and completely selling as many as 4 of the largest existing items – notes Grzegorz Dróżdż.

Burry completely sold the shares:

  • global car manufacturer Stellantis NV, which owns brands such as Peugeot, Citroën, Fiat, Jeep and Dodge. These shares accounted for as much as 17.43 percent. value of the entire portfolio;

  • one of the largest carriers of tankers in the world, engaged in the transport of crude oil and petroleum products, Euronav NV, with a total value of 9.36%. entire portfolio;

  • Hudson Pacific Properties, a real estate investment company that specializes in managing, developing and acquiring office and media properties primarily on the West Coast of the United States;

  • American energy company, operating mainly in the extraction and production of crude oil and natural gas, Crescent Energy, with a total stake of 5.76%. entire portfolio.

Michael Burry’s portfolio has changed dramatically from what we saw throughout most of 2023 as he repeatedly tried to spot reversals in the broader stock market. However, it seems that after many months of fighting the market boom, the super investor decided to come to terms with the prevailing market trend, betting on companies mainly from the consumer goods sector (accounting for a total of 29.4% of the portfolio), such as the Chinese Alibaba and or the American Amazon .

The analyst cautions that when analyzing transactions made by super-investors in the last quarter, it should be taken into account that many of these investments were completed more than two months ago. – This may affect the current picture of the investment situation on the market. Interestingly, during the period when discussions about successes and breakthroughs in the field of artificial intelligence dominated, leading investors focused on looking for investment opportunities in other areas, he adds.

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