Q2 2026 13F filings summary
79 of the 83 super-investors we track have filed their Q2 2026 13F, disclosing a combined $1392.78B in US-listed equities. Across the cohort the quarter produced 131 new positions and 116 full exits. Below: the synthesized takeaways, the most-bought names, the biggest initiations, and the highest-conviction stocks by Cohort Conviction Score.
The quarter in five signals
- AMZN is the quarter's consensus conviction trade: Klarman pushes it to 16.5% of Baupost (adds $243M) and Armitage nearly doubles his position (+51%); aggregate smart-money exposure spans 8+ investors across value, growth, and quality styles — highest cross-style overlap in the dataset.
- Terry Smith fully rebuilds his US book: exits MTD and ZTS (~$413M combined), initiates UBER ($213M), MA ($202M), NFLX ($156M), GEV ($151M), APP ($121M), and VEEV — the largest single-manager new-position cluster in the cohort; a rare wholesale portfolio rotation.
- Prem Watsa makes a dramatic hard-asset pivot: exits BB and KW entirely, opens EGO (gold miner, 16.2% of Fairfax) and nearly doubles KHC (+172%, $338M); combined with existing ORLA position, gold/hard-asset names now approach 40% of his reported long book.
- Li Lu doubles PDD (+134%, now 22.2% of portfolio) and adds to BRK/B (+23%), while simultaneously exiting BAC and OXY — a decisive rotation from US financials/energy to Chinese e-commerce; for one of the world's most concentrated deep-value managers, this is a top-tier signal.
- Chris Hohn exits MSFT (~$1B position, 2.2% of TCI) — notable given MSFT has been a core quality-compounder holding; combined with GE remaining his #1 position at 33.6%, TCI's factor profile shifts further toward industrials.
From the full Q2 2026 cohort brief.
Most-bought stocks of Q2 2026
- 1SPGIS&p Global Inc4 buys4Christopher BloomstranGlenn GreenbergJohn ArmitageTriple Frond Partners
- 2MSFTMicrosoft Corp3 buys3Bill AckmanChristopher BloomstranDennis Hong
- 3SPCXSpace Exploration Techn-cl A3 buys3Chase ColemanDaniel LoebDavid Tepper
- 4VEEVVeeva Systems Inc-class A3 buys3Francois RochonTerry SmithVulcan Value Partners
- 5DHIDR Horton Inc2 buys2Warren BuffettStanley Druckenmiller
Ranked by how many cohort managers initiated or added. Full list →
Biggest new positions
- 1SPGIS&p Global Inc3 initiations$210MJohn ArmitageTriple Frond PartnersChristopher Bloomstran
- 2MSFTMicrosoft Corp2 initiations$2.1BBill AckmanDennis Hong
- 3HDHome Depot Inc2 initiations$1.3BStephen MandelBill & Melinda Gates Foundation Trust
- 4AMATApplied Materials Inc2 initiations$1.2BStephen MandelJohn Armitage
- 5TTMITtm Technologies2 initiations$607MStephen MandelDaniel Loeb
Highest conviction after the filings
Data from SEC EDGAR Form 13F-HR filings; refreshed daily as new filings land. 13Fs disclose long US-listed equities only — no shorts, bonds, derivatives, or non-US holdings. Not investment advice.