Latest news with #Form13F
Yahoo
2 days ago
- Business
- Yahoo
Warren Buffett's "Secret" Portfolio Just Bought the World's Leading Share-Buyback Stock, as Well as "The Monthly Dividend Company"
The Oracle of Omaha has a $616 million "hidden" portfolio that contains 122 securities, comprised of individual stocks and exchange-traded funds (ETFs). During the March-ended quarter, Warren Buffett's secret portfolio added shares of a company that's repurchased $775 billion worth of its own stock. Meanwhile, this under-the-radar portfolio also purchased shares of an ultra-high-yield monthly dividend stock that's raised its payout 131 times since going public. 10 stocks we like better than Apple › The amount of data that investors have to keep track of on Wall Street can be borderline overwhelming at times. Between earnings season -- the six-week period each quarter where a majority of Wall Street's most-influential businesses report their operating results -- and daily economic data releases, it's easy for something important to fall through the cracks. For example, May 15 was one of the most important days of the second quarter for investors, but it could have easily been overshadowed by earnings reports and economic data releases. This date marked the deadline for institutional investors with at least $100 million in assets under management (AUM) to file Form 13F with the Securities and Exchange Commission (SEC). Quarterly filed 13Fs allow investors to track which stocks Wall Street's brightest money managers have been buying and selling. While there are quite a few billionaire fund managers that are closely tracked by investors, none garners more interest than Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since taking the reins 60 years ago, the aptly named Oracle of Omaha has delivered a nearly 20% annualized rate of return for his company's Class A shares (BRK.A). Riding Buffett's coattails has been a tried-and-true wealth-building strategy for decades. But what you might not realize is that Berkshire's 13F doesn't tell the complete story of what's under the proverbial hood. In 1998, Warren Buffett's Berkshire Hathaway announced a $22 billion all-stock deal to acquire General Re. While the purpose of this buyout was for Berkshire to get its hands on General Re's prized reinsurance operations, the latter also owned a specialty investment firm known as New England Asset Management (NEAM). When the deal closed in December 1998, Berkshire Hathaway became NEAM's new parent. New England Asset Management closed out March 2025 with approximately $616 million in AUM, which is well above the $100 million AUM limit required to file a 13F with the SEC. In other words, investors have the ability to track which stocks and exchange-traded funds (ETFs) New England Asset Management is buying, selling, and holding. Though Warren Buffett closely oversees the $280 billion in AUM spread across more than 40 holdings for Berkshire Hathaway's primary investment portfolio, NEAM's $616 million investment portfolio, which is spread across 122 securities, has a separate investment management team. Nevertheless, the stocks and ETFs that New England Asset Management buys and holds are, ultimately, under the umbrella of Berkshire Hathaway. You could rightly say that NEAM is akin to Warren Buffett's "secret" portfolio. While this secret portfolio is known for spreading its invested assets across well-known ETFs and brand-name businesses (not all of which are found in Berkshire Hathaway's $280 billion portfolio), it's what NEAM's investment managers have been buying of late that's turning heads. During the March-ended quarter, Buffett's secret portfolio made four new purchases, two of which are individual stocks. One offers the biggest share-repurchase program on the planet, while the other holds the distinction of being trademarked "The Monthly Dividend Company®." Based on New England Asset Management's first-quarter 13F, the investment management team opened a new position totaling 3,382 shares in tech colossus Apple (NASDAQ: AAPL). It's the first time this hidden portfolio has owned shares of Apple in more than a year -- albeit it's a far cry from the nearly 20 million shares of Apple NEAM held during the fourth quarter of 2022. Apple didn't become one of Wall Street's largest public companies by accident. It's maintained its leadership status because of its competitive advantages. One thing it brings to the table is an exceptionally loyal customer base. Apple is one of the most-recognized consumer brands worldwide and its customers tend to trust its products. Berkshire CEO Warren Buffett is a big-time believer in companies that earn consumers' trust, which is probably a big reason why Apple is Berkshire Hathaway's largest investment holding. Apple is also a leader on the innovation front. It's been incorporating artificial intelligence (AI) solutions in its iPhone and other physical products for years. Since introducing a 5G-capable iPhone in late 2020, Apple has held a 50% domestic share (or greater) of smartphone sales. But Apple's most-defining factor, beyond its AI roots and innovative prowess, is its world-leading share repurchase program. In 2013, Apple's board approved an aggressive buyback program that's put all public companies to shame. As of March 29, 2025 -- Apple's fiscal year usually ends in late September -- Apple had cumulatively spent $775.19 billion to repurchase over 43% of its outstanding shares. Buying back this much stock has had a decisively positive impact on the company's earnings per share and made its stock more fundamentally attractive to value-focused investors. In addition to New England Asset Management reopening a position in Apple, NEAM's 13F shows that 55,140 shares of premier retail real estate investment trust (REIT) Realty Income (NYSE: O) were bought in the first quarter. It's the first time Buffett's secret portfolio has held shares of Realty Income since the September-ended quarter of 2018. Realty Income is nothing short of a powerhouse in the retail REIT space, with more than 15,600 commercial real estate (CRE) properties owned, as of the end of March. What makes its CRE asset portfolio so impressive is that an estimated 91% of its rental income is tied to businesses that are resilient to economic downturns and e-commerce pressures. We're talking about brand-name, time-tested, stand-alone companies that provide basic need goods and services that can draw consumer traffic regardless of how well or poorly the U.S. economy is performing. On top of targeting basic need industries, Realty Income's cash flow consistency is a reflection of its disciplined approach. A smart vetting process reduces delinquency rates, while initial long lease terms -- the company has a weighted average lease length of 9.1 years -- ensures predictable funds from operations. There's a reason Realty Income's median occupancy rate of 98.2% is 400 basis points higher than the median occupancy rate for S&P 500 REITs since 2000. But what places Realty Income in a class of its own is its monthly dividend. Realty Income has increased its payout for 111 consecutive quarters and has passed along 131 monthly dividend increases since going public in October 1994. This isn't just a token dividend, either. Its 5.62% yield, as of the closing bell on June 16, is more than four times higher than the average yield of the S&P 500, which places Realty Income into ultra-high-yield territory. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Realty Income. The Motley Fool has a disclosure policy. Warren Buffett's "Secret" Portfolio Just Bought the World's Leading Share-Buyback Stock, as Well as "The Monthly Dividend Company" was originally published by The Motley Fool
Yahoo
2 days ago
- Business
- Yahoo
Warren Buffett's "Secret" Portfolio Just Bought the World's Leading Share-Buyback Stock, as Well as "The Monthly Dividend Company"
The Oracle of Omaha has a $616 million "hidden" portfolio that contains 122 securities, comprised of individual stocks and exchange-traded funds (ETFs). During the March-ended quarter, Warren Buffett's secret portfolio added shares of a company that's repurchased $775 billion worth of its own stock. Meanwhile, this under-the-radar portfolio also purchased shares of an ultra-high-yield monthly dividend stock that's raised its payout 131 times since going public. 10 stocks we like better than Apple › The amount of data that investors have to keep track of on Wall Street can be borderline overwhelming at times. Between earnings season -- the six-week period each quarter where a majority of Wall Street's most-influential businesses report their operating results -- and daily economic data releases, it's easy for something important to fall through the cracks. For example, May 15 was one of the most important days of the second quarter for investors, but it could have easily been overshadowed by earnings reports and economic data releases. This date marked the deadline for institutional investors with at least $100 million in assets under management (AUM) to file Form 13F with the Securities and Exchange Commission (SEC). Quarterly filed 13Fs allow investors to track which stocks Wall Street's brightest money managers have been buying and selling. While there are quite a few billionaire fund managers that are closely tracked by investors, none garners more interest than Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett. Since taking the reins 60 years ago, the aptly named Oracle of Omaha has delivered a nearly 20% annualized rate of return for his company's Class A shares (BRK.A). Riding Buffett's coattails has been a tried-and-true wealth-building strategy for decades. But what you might not realize is that Berkshire's 13F doesn't tell the complete story of what's under the proverbial hood. In 1998, Warren Buffett's Berkshire Hathaway announced a $22 billion all-stock deal to acquire General Re. While the purpose of this buyout was for Berkshire to get its hands on General Re's prized reinsurance operations, the latter also owned a specialty investment firm known as New England Asset Management (NEAM). When the deal closed in December 1998, Berkshire Hathaway became NEAM's new parent. New England Asset Management closed out March 2025 with approximately $616 million in AUM, which is well above the $100 million AUM limit required to file a 13F with the SEC. In other words, investors have the ability to track which stocks and exchange-traded funds (ETFs) New England Asset Management is buying, selling, and holding. Though Warren Buffett closely oversees the $280 billion in AUM spread across more than 40 holdings for Berkshire Hathaway's primary investment portfolio, NEAM's $616 million investment portfolio, which is spread across 122 securities, has a separate investment management team. Nevertheless, the stocks and ETFs that New England Asset Management buys and holds are, ultimately, under the umbrella of Berkshire Hathaway. You could rightly say that NEAM is akin to Warren Buffett's "secret" portfolio. While this secret portfolio is known for spreading its invested assets across well-known ETFs and brand-name businesses (not all of which are found in Berkshire Hathaway's $280 billion portfolio), it's what NEAM's investment managers have been buying of late that's turning heads. During the March-ended quarter, Buffett's secret portfolio made four new purchases, two of which are individual stocks. One offers the biggest share-repurchase program on the planet, while the other holds the distinction of being trademarked "The Monthly Dividend Company®." Based on New England Asset Management's first-quarter 13F, the investment management team opened a new position totaling 3,382 shares in tech colossus Apple (NASDAQ: AAPL). It's the first time this hidden portfolio has owned shares of Apple in more than a year -- albeit it's a far cry from the nearly 20 million shares of Apple NEAM held during the fourth quarter of 2022. Apple didn't become one of Wall Street's largest public companies by accident. It's maintained its leadership status because of its competitive advantages. One thing it brings to the table is an exceptionally loyal customer base. Apple is one of the most-recognized consumer brands worldwide and its customers tend to trust its products. Berkshire CEO Warren Buffett is a big-time believer in companies that earn consumers' trust, which is probably a big reason why Apple is Berkshire Hathaway's largest investment holding. Apple is also a leader on the innovation front. It's been incorporating artificial intelligence (AI) solutions in its iPhone and other physical products for years. Since introducing a 5G-capable iPhone in late 2020, Apple has held a 50% domestic share (or greater) of smartphone sales. But Apple's most-defining factor, beyond its AI roots and innovative prowess, is its world-leading share repurchase program. In 2013, Apple's board approved an aggressive buyback program that's put all public companies to shame. As of March 29, 2025 -- Apple's fiscal year usually ends in late September -- Apple had cumulatively spent $775.19 billion to repurchase over 43% of its outstanding shares. Buying back this much stock has had a decisively positive impact on the company's earnings per share and made its stock more fundamentally attractive to value-focused investors. In addition to New England Asset Management reopening a position in Apple, NEAM's 13F shows that 55,140 shares of premier retail real estate investment trust (REIT) Realty Income (NYSE: O) were bought in the first quarter. It's the first time Buffett's secret portfolio has held shares of Realty Income since the September-ended quarter of 2018. Realty Income is nothing short of a powerhouse in the retail REIT space, with more than 15,600 commercial real estate (CRE) properties owned, as of the end of March. What makes its CRE asset portfolio so impressive is that an estimated 91% of its rental income is tied to businesses that are resilient to economic downturns and e-commerce pressures. We're talking about brand-name, time-tested, stand-alone companies that provide basic need goods and services that can draw consumer traffic regardless of how well or poorly the U.S. economy is performing. On top of targeting basic need industries, Realty Income's cash flow consistency is a reflection of its disciplined approach. A smart vetting process reduces delinquency rates, while initial long lease terms -- the company has a weighted average lease length of 9.1 years -- ensures predictable funds from operations. There's a reason Realty Income's median occupancy rate of 98.2% is 400 basis points higher than the median occupancy rate for S&P 500 REITs since 2000. But what places Realty Income in a class of its own is its monthly dividend. Realty Income has increased its payout for 111 consecutive quarters and has passed along 131 monthly dividend increases since going public in October 1994. This isn't just a token dividend, either. Its 5.62% yield, as of the closing bell on June 16, is more than four times higher than the average yield of the S&P 500, which places Realty Income into ultra-high-yield territory. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple, Berkshire Hathaway, and Realty Income. The Motley Fool has a disclosure policy. Warren Buffett's "Secret" Portfolio Just Bought the World's Leading Share-Buyback Stock, as Well as "The Monthly Dividend Company" was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
Billionaire Money Managers Are Selling Nvidia Stock Hand Over Fist, With One Notable Exception
Form 13Fs provide a way for investors to track which stocks the smartest money managers have been buying and selling. One of Wall Street's top billionaire asset managers is increasing his position in artificial intelligence (AI) titan Nvidia. However, a laundry list of billionaire investors have been paring down or completely exiting their stakes in Nvidia for two years -- and it may have to do with more than just profit-taking. 10 stocks we like better than Nvidia › For the last two and a half years, no trend has captivated more attention or capital from investors than artificial intelligence (AI). With AI, software and systems are capable of making split-second decisions without the need for human intervention. This is a technology with seemingly limitless long-term potential. With AI offering some form of utility in virtually all industries around the globe, the analysts at PwC pegged its worldwide impact on gross domestic product by 2030 at $15.7 trillion. A figure this massive ensures there will be a long list of winners. No company has been a more direct beneficiary of the evolution of AI than Nvidia (NASDAQ: NVDA), whose market cap skyrocketed by more than $3 trillion in less than two years. But what's interesting is how Wall Street's most prominent billionaire money managers have approached Nvidia stock. Specifically, billionaire investors have been selling shares of Nvidia hand over fist... with one notable exception. No later than 45 calendar days following the end to a quarter, institutional investors overseeing at least $100 million in assets are required to file Form 13F with the Securities and Exchange Commission. This filing details for investors which stocks Wall Street's smartest money managers were buying and selling in the latest quarter. Whereas most billionaires have been persistent sellers of Nvidia stock (a topic I'll touch on a bit later), Tiger Global Management's billionaire chief Chase Coleman has been the exception. Accounting for Nvidia's historic 10-for-1 forward split that was enacted in June 2024, Coleman's fund has expanded its stake in the company from 9,683,550 shares, at the end of 2023, to 10,967,550 shares, as of the end of March 2025. Coleman's investment strategy has historically focused on a mix of large- and small-cap growth stocks, with a tendency to lean into next-big-thing trends and innovations. The rise of artificial intelligence certainly fits the mold of a game-changing trend that would interest Tiger Global's billionaire investor. Chase Coleman choosing to expand his fund's exposure to Nvidia likely has to do with one or more of the following four factors. First, Nvidia's share of the graphics processing unit (GPU) market in high-compute data centers can be described as monopoly like. Businesses have lined up to purchase Nvidia's Hopper (H100) and successor Blackwell GPUs, and there's been no evidence that demand for these products has slowed. Wall Street tends to reward companies with perceived-to-be sustainable moats. Secondly, AI-GPU scarcity has been working in Nvidia's favor. Even with Wall Street's AI darling and other direct competitors pushing out as many GPUs as possible, the chip fabrication supply chain is currently maxed out. With demand heavily outpacing the supply of AI-GPUs, Nvidia has been able to charge a triple-digit percentage premium for Hopper and Blackwell, relative to some of its direct rivals. This helped to lift Nvidia's gross margin above 70%. The third factor that likely played a role in enticing Coleman to expand his fund's Nvidia stake is CEO Jensen Huang's ambitious innovation timeline. Huang is overseeing the debut of a new advanced AI chip on an annual basis. Blackwell Ultra (second-half of 2025), Vera Rubin (second-half of 2026), and Vera Rubin Ultra (second-half of 2027) are next in line after the ultra-popular Blackwell chip. Nvidia looks to be in no danger of ceding its clear-cut compute advantages in AI-accelerated data centers. Fourth and finally, Nvidia stock tumbled at times during the first quarter, which may have brought its forward-year earnings multiple down to a level that intrigued Coleman. However, Chase Coleman's actions are out of the ordinary among billionaire fund managers. Since Nvidia stock kicked off its historic run-up, most billionaires have pared down their exposure to the AI colossus or completely exited their respective positions: Stanley Druckenmiller of Duquesne Family Office sold all 9,500,750 shares of Nvidia stock between June 30, 2023 and Sept. 30, 2024. Stephen Mandel of Lone Pine Capital dumped all 6,416,490 shares between June 30, 2023 and June 30, 2024. David Tepper of Appaloosa shed 97% of his fund's stake (9.95 million shares sold) in Nvidia since Sept. 30, 2023. Philippe Laffont of Coatue Management has sent over 41.2 million shares to the chopping block since March 31, 2023 and reduced his fund's holdings by 83%. Israel Englander of Millennium Management, who regularly hedges with put and call options, has trimmed nearly 28.3 million shares (a 75% reduction) since Sept. 30, 2023. This persistent selling activity may well be explained by nothing more than simple profit-taking. We've never witnessed a megacap stock gain $3 trillion in market cap in less than two years before, which has offered plenty of opportunity for billionaires to cash in their chips. But there may be more to this consistent selling than just a desire to take profits. For example, competition is inevitable in AI-accelerated data centers. Even if Nvidia continues to be the preferred option in high-compute data centers, it's unlikely to retain its monopoly like market share as direct competitors ramp up their GPU production. What's potentially more worrisome is that most members of the "Magnificent Seven" are internally developing AI chips to use in their data centers. While these GPUs are no threat to Nvidia's compute advantages, they are notably cheaper and not backlogged due to demand. The mere presence of these chips means less future opportunity for Nvidia's hardware, as well as less in the way of premium pricing power. There's also the very real possibility of Jensen Huang's accelerated innovation timeline hurting, not, helping, his company. Though bringing a new chip to market annually will cement its compute advantage, it has the potential to quickly depreciate the value of prior-generation chips. Wagering on Nvidia's largest customers to upgrade their hardware on an annual or near-annual basis is risky and may not pay off. Perhaps the biggest concern for a majority of billionaire money managers selling Nvidia stock is the prospect of history rhyming. Every game-changing trend and innovation for more than three decades has endured an eventual bubble-bursting event early in its expansion. This is due to investors overestimating the mainstream adoption and/or utility of a new technology or innovation. Considering that most businesses aren't generating a positive return on their AI investments, nor have they optimized their AI solutions, it looks to be a matter of time before the AI bubble bursts. If history were to rhyme, no company would be expected to take it on the chin more than Nvidia. Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $649,102!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $882,344!* Now, it's worth noting Stock Advisor's total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Billionaire Money Managers Are Selling Nvidia Stock Hand Over Fist, With One Notable Exception was originally published by The Motley Fool Sign in to access your portfolio
Hindustan Times
11-06-2025
- Business
- Hindustan Times
বুমরাহ পাশে খেললে তো ওর সঙ্গে তুলনা হয় না! কিন্তু আমার মতে আমিই সেরা! বললেন আর্শদীপ
Simplicity Wealth LLC lifted its position in shares of iShares Core S&P Mid-Cap ETF ( NYSEARCA:IJH – Free Report ) by 21.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,269 shares of the company's stock after buying an additional 4,439 shares during the quarter. Simplicity Wealth LLC's holdings in iShares Core S&P Mid-Cap ETF were worth $1,474,000 at the end of the most recent reporting period. Several other institutional investors and hedge funds have also bought and sold shares of IJH. Brighton Jones LLC grew its holdings in iShares Core S&P Mid-Cap ETF by 4.2% in the fourth quarter. Brighton Jones LLC now owns 77,674 shares of the company's stock worth $4,840,000 after purchasing an additional 3,155 shares during the period. Empowered Funds LLC bought a new position in shares of iShares Core S&P Mid-Cap ETF in the fourth quarter valued at $115,000. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Core S&P Mid-Cap ETF in the fourth quarter valued at $26,000. Ocean Park Asset Management LLC lifted its stake in shares of iShares Core S&P Mid-Cap ETF by 124.7% in the fourth quarter. Ocean Park Asset Management LLC now owns 22,474 shares of the company's stock valued at $1,400,000 after buying an additional 12,470 shares in the last quarter. Finally, International Private Wealth Advisors LLC lifted its stake in shares of iShares Core S&P Mid-Cap ETF by 141.4% in the fourth quarter. International Private Wealth Advisors LLC now owns 23,496 shares of the company's stock valued at $1,464,000 after buying an additional 13,762 shares in the last quarter. iShares Core S&P Mid-Cap ETF stock opened at $61.45 on Wednesday. iShares Core S&P Mid-Cap ETF has a 1-year low of $50.15 and a 1-year high of $68.33. The firm has a market capitalization of $94.02 billion, a price-to-earnings ratio of 18.61 and a beta of 1.07. The firm's fifty day moving average price is $57.87 and its two-hundred day moving average price is $61.14. About iShares Core S&P Mid-Cap ETF ( Free Report ) Ishares S&P Midcap 400 Index Fund, formerly The iShares Core S&P Mid-Cap ETF (the Fund), seeks investment results that correspond to the price and yield performance, before fees and expenses, of the United States mid-cap stocks, as represented by the Standard & Poor's MidCap 400 (the Underlying Index). Featured Stories Want to see what other hedge funds are holding IJH? Visit to get the latest 13F filings and insider trades for iShares Core S&P Mid-Cap ETF ( NYSEARCA:IJH – Free Report ). companies with FREE daily email newsletter .
Yahoo
05-06-2025
- Business
- Yahoo
Billionaire Philippe Laffont Has 30% of Coatue's $22.7 Billion Portfolio Invested in 4 Artificial Intelligence (AI) Stocks -- and Nvidia Isn't One of Them
Quarterly-filed Form 13Fs allow investors to track which stocks Wall Street's brightest money managers have been buying and selling. Though Nvidia was once billionaire Philippe Laffont's top holding, he's been a persistent seller of Wall Street's artificial intelligence (AI) darling for the last two years. As of the end of March, a mix of four well-known AI hardware and applications companies made up roughly 30% of Coatue Management's invested assets. 10 stocks we like better than Meta Platforms › Important data releases happen with frequency on Wall Street. A seemingly endless parade of earnings reports, economic data releases, and policy changes from the Donald Trump administration, can make it easy for something important to get overlooked by investors. Arguably the most-telling of all data releases occurred three weeks ago on May 15. This marked the deadline for institutional investors overseeing at least $100 million in assets to file Form 13F with the Securities and Exchange Commission. A 13F provides investors with a snapshot of which stocks Wall Street's smartest money managers bought and sold in the latest quarter (in this case, the first quarter). While Warren Buffett is the most-followed asset manager on Wall Street, he's far from the only billionaire investor with a phenomenal track record. Coatue Management's Philippe Laffont, who closed out March with $22.7 billion in assets under management, has a propensity for making money in the stock market. Whereas Buffett is a staunch value investor, Laffont leans heavily into growth stocks and companies riding the latest technological waves, such as the artificial intelligence (AI) revolution. Although Laffont ended March overseeing 70 stocks, just four of these positions (all AI stocks) account for roughly 30% of Coatue's invested assets. Interestingly enough, AI leader Nvidia (NASDAQ: NVDA) isn't among these top AI assets, with Laffont persistently selling shares of Nvidia over the last two years. Though Nvidia was Coatue's largest holding from April 1, 2023 – Dec. 31, 2023, a combination of profit-taking and other possible nefarious factors has led to a notable reduction in this position. In four of the last five quarters, social media titan Meta Platforms (NASDAQ: META) has been billionaire Philippe Laffont's top holding. Coatue's more than 3.75-million-share stake equated to almost $2.2 billion in market value at the end of March. While Meta is wagering heavily on an AI future, the lion's share of its revenue and profits are currently derived from advertising. In March, Meta's family of apps, which includes Facebook, Instagram, WhatsApp, Threads, and Facebook Messenger, attracted an average of 3.43 billion daily active people. Since no other social platform comes particularly close to luring as many people on a daily basis, businesses are eager to advertise on Meta's social media sites. In turn, Meta often enjoys significant ad-pricing power. Mark Zuckerberg's company is already deploying generative AI solutions within its advertising platform. Giving businesses access to generative AI allows them to personalize their message(s) to specific users, with the hope of improving click-through rates. Meta Platforms also has the luxury of an enviable treasure chest. Its cash, cash equivalents, and marketable securities collectively topped $70 billion at the end of March, and the company's operations generated over $24 billion in net cash through the first three months of the year. Meta has the luxury of aggressively investing in AI, as well as slow-stepping the rollout of new services, thanks to its pristine balance sheet. The only quarter where Meta Platforms wasn't the No. 1 holding for Coatue Management since the start of 2024 (the fourth quarter of 2024) saw e-commerce kingpin Amazon (NASDAQ: AMZN) take hold of the top spot. Amazon has been a top-four holding for Laffont's fund for eight consecutive quarters. Coatue's billionaire chief is more than likely attracted to the rapid growth in Amazon's cloud infrastructure service platform, Amazon Web Services (AWS). According to estimates from tech analysis firm Canalys, AWS entered 2025 accounting for a 33% share of global cloud infrastructure service spending. Based on Amazon's first-quarter operating results, AWS is pacing $117 billion in annual run-rate revenue. Amazon hasn't been shy about incorporating generative AI solutions into AWS. It's also giving customers the tools to build and deploy large language models (LLMs). LLMs can be used to answer queries as virtual agents and summarize text, while generative AI can improve various marketing aspects for businesses. Amazon's other high-growth ancillary segments, which includes subscription services (e.g., Prime) and advertising services, are playing key roles in its growth, too. Winning exclusive sports streaming deals with the NFL and NBA should afford Prime plenty of subscription pricing power. Meanwhile, attracting billions of visitors on a monthly basis is great news for the company's advertising operations. The third largest holding in billionaire Philippe Laffont's fund for a second consecutive quarter is world-leading chip fabrication company Taiwan Semiconductor Manufacturing (NYSE: TSM), which is commonly referred to as "TSMC." Even though Coatue's 13F shows that roughly 2 million shares of TSMC were sold during the first quarter, it still accounts for close to 6% of invested assets. Taiwan Semi can be best thought of as a critical part of the AI-data center supply chain. Its chip-on-wafer-on-substrate (CoWoS) technology is necessary for the packaging of high-bandwidth memory needed in AI-accelerated data centers. TSMC is in the process of increasing its CoWoS capacity from around 35,000 units per month in 2024 to 135,000 wafers per month by 2026. This should go a long way to resolving the AI-graphics processing unit (GPU) scarcity that's allowed Nvidia to charge a veritable arm and leg for its Hopper and Blackwell GPUs. Laffont's sizable wager on Taiwan Semiconductor Manufacturing might also have to do with it building advanced-chip production facilities in the U.S. President Trump's threat of imposing tariffs on imports, including the possibility of semiconductor tariffs, is more of a moot point with TSMC investing in America. Something else worth noting is that TSMC is more than just AI chips. While advanced computing does comprise a majority of Taiwan Semi's net sales, it remains a key player in chip production for smartphones, Internet of Things devices, and next-generation vehicles. This revenue diversification might provide some buffer to Taiwan Semiconductor stock if an AI bubble forms and bursts. The fourth AI stock that, collectively with Meta Platforms, Amazon, and Taiwan Semiconductor Manufacturing, accounts for about 30% of Coatue Management's $22.7 billion in invested assets is Microsoft (NASDAQ: MSFT). Microsoft was Laffont's fifth-largest holding at the end of March, and it's been a top-five position in each of the last eight quarters. Similar to Meta and Amazon, Microsoft's artificial intelligence ties have to do with applying this game-changing technology to existing solutions. For instance, Azure is the world's No. 2 cloud infrastructure service platform by total spending, behind only AWS. Microsoft is aggressively deploying generative AI and LLM tools in Azure for its clients. In turn, it's seeing sales growth for Azure remain firmly in the double-digits (35% year-over-year growth on a constant currency basis for the March-ended quarter). Microsoft's legacy operations aren't slouches, either. Even though the growth heyday for Windows and Office is long gone, Microsoft's software still dominates on desktops and laptops. These sustainable, high-margin operating segments generate plenty of cash flow that the company can redirect toward cloud and AI initiatives, or perhaps Microsoft's bountiful capital-return program. Additionally, Microsoft is swimming in cash, which allows for an aggressive level of innovation and acquisitions that most companies can't match. It ended March with $79.6 billion in cash, cash equivalents, and short-term investments, while generating $37 billion in net cash from operations in just three months. 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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Sean Williams has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Amazon, Meta Platforms, Microsoft, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. Billionaire Philippe Laffont Has 30% of Coatue's $22.7 Billion Portfolio Invested in 4 Artificial Intelligence (AI) Stocks -- and Nvidia Isn't One of Them was originally published by The Motley Fool Sign in to access your portfolio
