Where are the richest US funds investing right now? What companies are the Wall Street ‘gurus’ bought into? Most of these funds are hedge funds, known in the jargon as ‘hedge fund’, they can take buying or selling positions in stocks and other financial instruments such as futures or options, in addition to not having limitations on the weighting of an asset in the portfolio.
The largest fund with a portfolio value of $ 293 billion is Berkshire Hathaway from the legendary investor Warren Buffett who has prominent stakes in Apple weighing 41.46%, Bank of America 14.21%, American Express 8.55%, Coca-Cola 7.39%, food company The Kraft Heinz 4.53%, Moody’s rating agency 3.05% , Verizon Communications 3.04%, US Bancorp 2.51%, the health company specialized in dialysis DaVita 1.48% and the ‘teleco’ Charter Communications 1.28%, according to Dataroma.
The second fund that manages the most assets although quite a distance from Buffett’s vehicle is Dodge & Cox, a firm founded in 1930 by Van Duyn Dodge and E. Morris Cox and specialized in mutual funds, with a net worth of $ 87.6 billion. Among its top ten positions are companies such as Wells Fargo 4.52%, manager Charles Schwab 3.96%, Capital One Financial 3.89%, Alphabet 3.63%, Comcast 3.06%, Sanofi Aventis 2.83%, MetLife 2.77%, Johnson Controls 2.68%, Glaxo SmithKline 2.67% and Charter Communications 2.62%.
The third vehicle that manages more money is that of Chase Coleman, Tiger Global Management, with 53.800 million in portfolio. Coleman is invested in JD at 7.66%, Microsoft at 6.62%, Sea at 5.18%, Roblox at 4.58%, DocuSign at 3.79%, Amazon at 3.63%, DoorDash 3.62%, Apollo Global Management 3.59%, Carvana 3.57% and CrowdStrike 3.52%.
It is closely followed by the Polen Capital Management fund with 52.2 billion dollars and bets among its main positions in such well-known technology as Facebook, Microsoft, Google, Adobe, Amazon or Salesforce.
The fifth largest fund on Wall Street, Chris Hohn’s TCI Fund Management, is the most concentrated with only 13 portfolio positions and an equity of 40.100 million dollars invested in companies such as Charter Communications, Alphabet, Microsoft, Canadian Pacific Railway, Visa, Canadian National Railway, S&P Global, Moody’s, Alphabet or Boston Properties. Charter Communications and Alphabet add a weighted weight between the two in the fund of 37.14%.
This particular mega-fund ranking also includes Terry Smith’s Fundsmith, Viking Global Invertors, Stephen Mandel’s Lone Pine Capital, Icahn Capital Management and the Bill & Melinda Gates Foundation Trust. Fundsmith has an equity of 36.100 million dollars distributed in stocks such as PayPal, Microsoft, IDEXX Laboratories, Intuit, Facebook, Estée Lauder, Philip Morris or Visa.
Viking Global Invertors has a presence in the capital of Amazon, BridgeBio Pharma, Microsoft or General Electric; while Stephen Mandel’s Lone Pine Capital invests primarily in Shopify, Bath & Body Works, Facebook, Amazon, Snap, Microsoft, and Adobe. Icahn Capital Management, which manages $ 24.3 billion, invests the majority in the energy sector: Occidental Petroleum, Cheniere Energy, CVR Energy and FirstEnergy.
The Bill & Melinda Gates Foundation Trust fund, which is the tenth vehicle in equity under management with a net worth of 23.9 billion of dollars divided between liquidity and only 15 shares, bets on Berkshire Hathaway, Waste Management, Caterpillar, Canadian National Railway, Walmart, Crown Castle, Ecolab …