13-F Summary: Who Bought And Sold What In The Fourth Quarter

    Today’s barrage of 13F releases showed that in the last quarter of 2017, many funds turned their back on some of the best performing, FAANG stocks of the year, as managers like Duquesne’s Stanley Druckenmiller, Philippe Laffont’s Coatue, Lee Ainslie’s Maverick and PointState’s Zach Schreiber trimmed their Facebook stakes while Steve Cohen’s Point72 and Maverick Capital reduced their Google exposure.

    Not everyone was selling: Louis Bacon’s Moore Capital Management added 900,000 shares of Apple, boosting its holding to about $ 200 million; Tiger Global added to its Facebook position, while David Tepper’s Appaloosa more than tripled its share stake in Apple to 4.6 million shares from 1.36 million shares at the end of Q3. Amazon also became the top position for Steve Cohen’s Point72, who added 12%, of 36,000 shares, leaving it with a market value of $ 383 million (Cohen’s 2nd and 3rd biggest holdings were Anadarko Petroleum and Electronic Arts).

    Meanwhile, as discussed earlier, Warren Buffett’s Berkshire Hathaway starte a new position in struggling Teva Pharmaceuticals (alongside activist hedge fund Jana Partners) sending its stocks soaring after hours, and boosted his stake in Apple yet cut his IBM holding to only about 2 million shares, effectively exiting the position.

    Other notable moves included Baupost, Greenlight and Viking taking stakes in Time Warner, the company that has endured the struggles of a sale to AT&T Inc. Separately, as Bloomberg notes Third Point also confirmed reports as it took a million-share stake in Pinnacle Foods, which some analysts expect to mean the company may be for sale.

    Below is a full breakdown of the most notable changes for select prominent hedge funds:

    ADAGE CAPITAL

    • Top new buys: BKH, KR, TMUS, CE, XRAY, CW, EYE, OSK
    • Top exits: CVS, PCG, DOV, STI, HAIN, POST, TXT, TJX, ALXN, DHR
    • Boosted stakes in DE, AET, UTX, EMR, BURL, ES, JPM, BAC, MOS, BC
    • Cut stakes in C, CF, GE, TMO, ETN, TAP, GS, KHC, PBYI, DWDP

    APPALOOSA MANAGEMENT

    • Top new buys: TMUS, CMCSA, MGM, PCG, VNTR, VST, CSX
    • Top exits: PNC, WHR, KMI, CBS, HAIN, AMAT, GM, AERI, BTU, CHK
    • Boosted stakes in QQQ, AAPL, MU, FB, BAC, XPO, AGN, BABA, ALLY
    • Cut stakes in WDC, GOOG, WPZ, OC, ETP, MHK, ALL, HUN, LUV

    BAUPOST GROUP

    • Top new buys: TWX
    • Top exits: CDEV, CAR
    • Boosted stakes in PXD, FOXA, FOX, CAH, MCK, AGN, ABC, QRVO, AMC, VRTV
    • Cut stakes in PBF, IMOS, FWP, ESRX

    BERKSHIRE HATHAWAY

    • Top new buys: TEVA
    • Boosted stakes in AAPL, BK, MON, USB
    • Cut stakes in IBM, GM, SNY, AAL, WFC

    BLUE HARBOR

    • Top new buys: ZAYO, MIC, ON, LOGM, AXTA
    • Top exits: FFIV, AGCO, DNB, LAZ
    • Boosted stakes in MD, COMM, OTEX, FCE/A, ADNT, IWM, THS
    • Cut stakes in CLNS, MDRX, XLNX, SPY, WCC

    BRIDGEWATER ASSOCIATES

    • Top new buys: PCG, CVS, CAH, PPL, EIX, CMG, ORCL, PG, LLY, IPG
    • Top exits: KR, DVA, BWA, BIIB, INTC, VIAB, ILMN, TSN, NTAP, TXN
    • Boosted stakes in WBA, CELG, MU, COST, HYG, LULU, GLD, TLT
    • Cut stakes in ESRX, M, DGX, DISCA, GE, KORS
    • NOTE: Earlier, Dalio’s Bridgewater Boosts Gold Holdings in SPDR, IShares; Dalio’s Bridgewater Trimmed Emerging-Market Exposure Before Rout

    CLINTON GROUP

    • Top new buys: MON, PPL, BCO, TSN, CCK, LLY, HDS, CELG, FRC, PYPL
    • Top exits: DGX, TPR, CCL, BPOP, PRAH, AET, PTLA, PEP, CBRL, COTV
    • Boosted stakes in BIO, EIX, AMGN, EME, WSO, TUP, MOH, LVS, HSY, VRTX
    • Cut stakes in MCD, CI, BA, FL, BAX, CAT, FIZZ, AGO, HUM, CC

    COATUE MANAGEMENT

    • Top new buys: MSFT, VMW, NTES, CHTR, QD
    • Top exits: SYMC, AMT, CRM, DATA,TWLO
    • Boosted stakes in TWTR, SHOP, AVGO, AMZN, SNAP
    • Cut stakes in AAPL, FB, BABA, ATVI, EA

    CORVEX MANAGEMENT

    • Top new buys: TWX, CHTR, BABA, NXPI
    • Top exits: CTL, P, PAGP, SIG
    • Boosted stakes in CMCSA, JBLU, FG, FB, TMUS
    • Cut stakes in EVHC, NOMD, GOOGL, EGN

    DUQUESNE FAMILY OFFICE

    • Top new buys: EOG, WFC, BAC, DVN, APA, STMP, CXO, COG, TWX, X
    • Top exits: PCLN, BABA, EA, C, EXPE, ATVI, LVS, IBB, CB, CELG
    • Boosted stakes in NKTR, MSFT, AMZN, GOOGL, CRM, BIIB, WDAY
    • Cut stakes in CTRP, JD, PYPL, VALE, FB

    ELLIOTT MANAGEMENT

    • Top new buys: MD, AKAM, UNIT, CVG, QEP, TDW, WIT
    • Top exits: ECA, MPC, ADNT, RYAAY, WYN, MON, ACAD, EQT, GRA, ABG
    • Boosted stakes in TCO, EGN, HES, ISBC
    • Cut stakes in AA, NRG, MITL, GPI, IMPV, SAH

    EMINENCE CAPITAL

    • Top new buys: ELLI, MGM, MDLZ, PYPL, PZZA, EA, LEN/B
    • Top exits: EXPE, BERY, STZ, KAR, FCE/A, RXN, CNNE, MAT, NKE
    • Boosted stakes in IQV, USFD, EFX, WEN, CYBR, GPI, P
    • Cut stakes in ARRS, ANTM, JACK, IMPV, CBG, LQ, SPGI, MSTR, ICE, ZNGA

    ENGAGED CAPITAL

    • Top new buys: BW
    • Top exits: THC, FNSR, DBD, DXCM, XPER
    • Boosted stakes in CLS, NCR, IWM, BHE
    • Cut stakes in MED, CCRN

    FIDELITY MANAGEMENT

    • Top new buys: DNLI, OPTN, ABEO, RYTM, ABLX
    • Top exits: NVRO, LLY, NXTM, AXDX, SPA
    • Boosted stakes in UNH, BDX, ABBV, SAGE, NKTR
    • Cut stakes in AMGN, MDT, BSX, CELG, AGN

    GLENVIEW CAPITAL

    • Top new buys: NWL, AGN, CHTR, DLPH, MIK, ARMK, CAH, LYB
    • Top exits: ZBH, NKE, TWTR, WYN, MGM, PX
    • Boosted stakes in WBA, CVS, UHS, MCK, FDC, WP, TMO, FDX, EBAY, WMB
    • Cut stakes in ABBV, LOW, AAPL, HCA, AET, DNB, GOOGL, DWDP, CI, MTOR

    GREENLIGHT CAPITAL

    • Top new buys: CEIX, TWTR, TWX, ESV, MDCO, JCP, KSS, BBY, W, SFLY
    • Top exits: GDX, HPE, TSG, MON, TGNA, RAD, UHAL, CARS, FRED, TECD
    • Boosted stakes in BHF
    • Cut stakes in GM, AER, TPX, CNX, MU, DDS, CNDT, CC, DSW
    • NOTE: Jan. 16, Greenlight’s Einhorn Tells Clients Returns ‘Must Be Frustrating’

    HIGHFIELDS CAPITAL MANAGEMENT

    • Top new buys: CMCSA, AMZN, AXTA, EXPE, AXP, MDLZ, GE, CERN, TCO, CHTR
    • Top exits: TGT, KO, SUM, FE, EGN
    • Boosted stakes in TWX, TEVA, HCA, SHPG, MON, CCE, PE, KR, H, NVDA
    • Cut stakes in FDX, BHGE, BEN, MAR, HDS, CTSH, MIK, IVZ, CVE, AMT

    ICAHN ASSOCIATES

    • Top new buys: SD
    • Boosted stakes in IEP
    • Cut stakes in PYPL, WBT, MTW

    JANA PARTNERS

    • Top new buys: PTC, CMCSA, NOC, FB, IQV, TEVA, SYNH, EVHC, GWW, GM
    • Top exits: UHS, DXC, CRM, UNH, NUVA, AXTA, SEM, DERM, ORCL, NUAN
    • Boosted stakes in BLMN, DHI, FDC, PF
    • Cut stakes in LBRDK, EQT, DWDP, P, ZBH, MOH, ZAYO, CAG, TIF

    LANSDOWNE PARTNERS

    • Top new buys: AMAT, MON, AAPL, MU, GRUB
    • Top exits: HAS, BHGE, ACN, BABA, CMCSA, HON, SYY, AES
    • Boosted stakes in TXN, C, AMZN, GOOGL, TSM, UTX, BTU, CAFD, HCC, UPS
    • Cut stakes in FB, PYPL, WDC, ADNT, ETN, DATA, CVE, PCLN, URI, CRM

    LONE PINE CAPITAL

    • Top new buys: AMZN, CSX, GOOG, BLK, TDG, A, SE
    • Top exits: CMCSA, EXPE, ICE, TMUS, AAP, WP
    • Boosted stakes in BUD, ADBE, PYPL, EA, PCLN
    • Cut stakes in CHTR, AVGO, BABA, STZ, ATVI, WYNN, TV, MA, CRM, FB

    LONG POND CAPITAL

    • Top new buys: LHO, BRX, AVB, BKD, DDR, NMRK, FPH, LEN
    • Top exits: MAC, KRC, BXP, HLT, LQ, ATH, CLGX, CXP
    • Boosted stakes in TCO, VER, JBGS, MSG, VNO, QCP, EQR, AIV, PGRE
    • Cut stakes in RPAI, DHI, SLG, SRC

    MARCATO CAPITAL

    • Top exits: GT, SFLY, AVT, LQ, HMTV
    • Boosted stakes in DECK, ITRI, RYAM, RCII, FG, HZN
    • Cut stakes in IAC, BID, AIR, DXC

    MAVERICK CAPITAL

    • Top new buys: SCHW, WP, BTI, COMM, CIEN, ABEV, ETSY, SEAS, SKX, YUM
    • Top exits: NWL, PFE, QCOM, FIS, CMCSA, VMC, JACK, CI, DPZ, WMT
    • Boosted stakes in MSFT, ADBE, TAP, TMUS, LOW, BUD, MGM, V, AEO, KSS
    • Cut stakes in SABR, STZ, WCN, GOOG, DWDP, FB, SHPG, FLT, UHS, LVS

    MOORE CAPITAL

    • Top new buys: PX, COF, SYF, NTES, AZO, BPOP, BURL, CBS
    • Top exits: JPM, DPZ, IT, ORCL, SBAC, CDEV, QTS, MA, PEP, RACE
    • Boosted stakes in AAPL, MSFT, APC, VOYA, EQIX, TWX, GDS, SIVB, CCI, EDU
    • Cut stakes in IWM, BAC, GM, BABA, AMZN, LOW, MS, F, XLU

    OMEGA ADVISORS

    • Top new buys: HUM, WFC, CBS, GLD, CX, GLPI, MYL, NYCB, C
    • Top exits: AIG, ETP, AET, NRZ, CVA, SHLM, BERY, INCY, ATH, CTLT
    • Boosted stakes in AMCX, SHPG, PE, UAL, HES, NBR, SBGI, ASH, ADBE
    • Cut stakes in BLL, AER, FDC, PYPL, LORL, I, HRG, DWDP, OEC

    PAULSON & CO

    • Top new buys: SNI, CTL, VIAB, FOX, NMRK, HAIN, DISCK, CAVM, AET
    • Top exits: TEVA, RLGY, CPN, EQT, S, CIEIQ, LOXO, HUN
    • Boosted stakes in NXPI, HZNP, MON, COL, KMDA, TWX
    • Cut stakes in MNK, AGN, SGYP, DISH, TMUS, VST, SHPG, XCRA

    PERSHING SQUARE

    • Top new buys: NKE
    • Boosted stakes in MDLZ

    POINT72 ASSET MANAGEMENT

    • Top new buys: REGN, H, BUD, MDT, AMAT, IBM, LRCX, OXY, DIS, AZO
    • Top exits: SHW, ORCL, AGN, HSIC, PCAR, XRAY, MRK, TPX, BLK, AAPL
    • Boosted stakes in APC, CMCSA, FOXA, FDC, MYL, TTWO, V, MU, AMZN, GM
    • Cut stakes in TWX, DHR, GOOGL, PE, BA, AVGO, TSN, BABA, FB

    POINTSTATE CAPITAL

    • Top new buys: EA, LOMA, FOXA, MYL, AET, UNP, ALLY, ESRX, PAGP, QCOM
    • Top exits: C, MGM, CSX, STZ, BABA, TMUS, CCI, BTU, SBAC, DAL
    • Boosted stakes in ECA, LNG, DVN, NKTR, TRGP, BIIB, AMZN, AVGO, AMT, CRM
    • Cut stakes in FB, COG, GOOGL, MSFT, DWDP, BAC, ADBE, PX, CMCSA

    RENAISSANCE TECHNOLOGIES

    • Top new buys: GOOG, CVX, PCLN, CVS, MPC, LEN, CCL, UPS, INCY, CXO
    • Top exits: NKE, MU, WFC, MO, AIG, BAC, JPM, ABBV, KMB, ADSK
    • Boosted stakes in XOM, BDX, IBM, PM, GE, VRTX, ALGN, COST, BMY
    • Cut stakes in MDT, NFLX, GILD, NTES, NVDA, MRK, INTU, FDX, GOOGL, MA

    SACHEM HEAD CAPITAL MANAGEMENT

    • Top new buys: TWX, LOW, FB, YNDX
    • Top new buys: GOOGL, NXPI, CAR, TSRO, ADSK
    • Boosted stakes in CDK
    • Cut stakes in CMCSA, WP, MSFT, CRM, SHPG

    SOROS FUND MANAGEMENT

    • Top new buys: OSTK, KW, TGT, FG, GPS, PLAY, HAL, ZAYO
    • Top exits: MDLZ, KHC, ZTS, CNDT, CL, CPB, K, GIS, CARS, SYNA
    • Boosted stakes in URBN, LRCX, CBS, AEO, COL, AET, NXPI, SEDG, GM
    • Cut stakes in TWX, VIAV, EPC, TIVO, MODN, EQT, GSUM, ATGE, CHDN, CMCSA

    STARBOARD VALUE

    • Top new buys: MLNX, CARS
    • Top exits: ETSY, HPE, JACK, ILG, MBI, QTM
    • Boosted stakes in TYPE, FCE/A, BMS, MAC
    • Cut stakes in BCO, EVHC, CTSH, BAX, DEPO, FTNT

    TIGER GLOBAL

    • Top new buys: CRM, SWCH, CTRP, REDU, QD, SOGO, MDB
    • Top exits: AWI, WB, ROKU, ATUS, JMEI, RYB
    • Boosted stakes in APO, FB, ADSK, EDU, NOW, VXX, TAL
    • Cut stakes in PCLN, CHTR, TDG, NFLX, JD, AMZN, FLT, BABA, CMCSA, DPZ

    THIRD POINT

    • Top new buys: ICE, NFLX, LEN, AET, XRAY, GD, MGM, SWN, PF, NEXA
    • Top exits: BAC, TMUS, SHPG, MPC, ALXN, BMA, XELA
    • Boosted stakes in GOOGL, SPGI, PAM, WP, MHK, VMC, GGAL, PE, DHR
    • Cut stakes in BAX, ANTM, BABA, TWX, NXPI, MAC, DWDP

    TUDOR INVESTMENT

    • Top new buys: FOXA, JPM, GIS, HD, AMTD, BSX, USB
    • Top exits: TSN, VZ, SNI, AAPL, GPK, SHW, MHK, BIVV, DWDP, GD
    • Boosted stakes in SPY, AET, WFC, ORCL, CSX, UNH, AGN, AVGO, ROST, TJX
    • Cut stakes in TWX, COL, EA, PYPL, VMC, PCLN, EBAY, CARS, DG

    VIKING GLOBAL

    • Top new buys: TWX, NTES, TDG, TMO, PCAR, FANG, SYNH, TRV, PGR, LOW
    • Top exits: DE, MA, FOXA, BAC, VZ, FLT, APC, JD, NWL, COG
    • Boosted stakes in ANTM, PE, DPZ, UTX, AMZN, WFC, EFX, ADSK, RJF, XRAY
    • Cut stakes in GOOGL, V, CP, CRM, UNH, FB, UHS, JAZZ, GWPH, EQT

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