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Holdings taken from the managers’ own SEC filings, with every position graded on the same five checks we apply to any company: is it growing, and does it generate cash.
Berkshire Hathaway
The most-read portfolio in the world. Concentrated, slow-moving, and held for decades.
Pershing Square Capital Management
A handful of large, loudly-argued positions. Rarely more than a dozen names.
Scion Asset Management
Tiny, contrarian and almost entirely rebuilt each quarter.
Duquesne Family Office
Wide-ranging and fast-moving, from a manager who never had a down year.
Appaloosa LP
Distressed-debt instincts applied to equities, with large concentrated bets.
Third Point LLC
Activist positions taken with a public letter attached.
Akre Capital Management
Compounders bought and then left alone, for decades at a time.
TCI Fund Management
Extremely concentrated, extremely long-horizon, and quietly one of the best records anywhere.
Tiger Global Management
Growth and technology, public and private, at scale.
Lone Pine Capital
One of the original Tiger cubs; quality growth held with conviction.
Viking Global Investors
A large, research-driven book that turns over more than most.
Himalaya Capital Management
A handful of positions, held for years. Charlie Munger gave him his family money to run.
Positions are what the manager disclosed, not investment advice, and a disclosure is always out of date by the time it is public. Each page says exactly what its filing covers and what it leaves out.