Guru Portfolios

Alex Roepers – Atlantic Investment Management

The holdings of Alex Roepers – Atlantic Investment Management as of 9/30/2024.

Bill Ackman – Pershing Square

Updated 09/30/2024

Bill Gates Like

Bill and Melinda Gates Foundation Trust Holdings as of September 30th, 2024. Note the portfolio share counts are divided by 1000 vs. the actual share counts to keep the sample portfolio in the millions rather than the billions.

Bill Nygren – Oakmark Select

Holdings of Bill Nygren of Oakmark Select as of 9/30/2024. Quantities are divided by 1000. Oakmark Investment Philosophy: We are value investors, which means that we invest in companies that we believe trade at a substantial discount to what we consider to be their true business value. We are patient investors, not market timers. We believe that, over time, the price of a stock will rise to reflect the value of the underlying company. Every stock purchase is viewed as if we were buying a piece of a business, not just a stock certificate. We believe that this approach to investing allows for significant investment returns while reducing risk.

Bruce Berkowitz – Fairholme Fund

These are the stocks held by legendary investor Bruce Berkowitz as of September 30th, 2024. Actual quantities have been divided by 1000.

Bryan Lawrence – Oakcliff Capital

The holdings of Bryan Lawrence – Oakcliff Capital as of 9/30/2024.

Carl Icahn – Icahn Capital Management

Carl Icahn holdings as of September 30th, 2024. This portfolio holds 17 stocks. Actual quantities are divided by 1000.

Chris Hohn – TCI Fund Management

The holdings of Chris Hohn – TCI Fund Management as of 9/30/2024. Actual quantities are divided by 1000.

Daniel Loeb – Third Point

Reported Daniel Loeb Top 25 holdings as of September 30th, 2024. Please note that the portfolio share counts are divided by 1000 vs the actual share counts to keep the sample portfolio in millions rather than billions. Third Point LLC is an SEC-registered investment adviser based in New York City. The firm was founded in 1995 by Daniel S. Loeb, who serves as CEO and oversees all investment activity. Daniel Loeb has more than 27 years of experience in the financial markets, with particular emphasis on special situation equities, distressed debt and risk arbitrage. Third Point employs an event-driven, value-oriented investment style. The Firm seeks to identify situations where we anticipate a catalyst will unlock value. We focus on delivering exceptional risk adjusted returns with limited market exposure.

David Abrams – Abrams Capital Management

The holdings of David Abrams – Abrams Capital Management as of 9/30/2024. Actual quantities are divided by 1000.

David Einhorn – Greenlight Capital Top 25

These are the top 25 stocks in David Einhorn’s portfolio as of September 30th, 2024. The share quantities have been divided by 1000 so the sample portfolio total value is in the millions and not the billions (as it actually is).

David Katz – Matrix Advisors Value Top 25

As of September 30th, 2024 this portfolio held 35 stocks. These are the top 25. Shares listed are as is. Matrix employs Benjamin Grahams value investment precepts as the predominant guide in our investment process. Our primary objective is to identify a diversified group of financially strong companies, each of whose stock we feel is traded at a substantial discount to its intrinsic value; i.e., the price an astute entrepreneur would pay to acquire a business outright. We call ourselves Opportunistic Value Investors because we are willing to scan the entire economic spectrum for potential investment candidates. Unlike some of our peers, we believe that value can be found in all sectors and industries. We therefore do not a priori rule out any sector; conversely we do not feel the need to have a presence in any particular sector. The core effort in our research process is to determine a realistic intrinsic value for a companys stock and then, if fundamentally attractive, to purchase the stock at a substantial discount to this intrinsic value. Our focus is on large capitalization stocks, and our expectation is that we will typically hold them for one to three years.

David Rolfe Top 25 – Wedgewood Partners

David Rolfe holdings as of September 30th, 2024 . This is the top 25.

David Tepper Top 25

As of September 30th, 2024 David Tepper of Appaloosa Management held 51 Stocks, these are the top 25. The share quantities have been divided by 1000.

Dev Kantesaria – Valley Forge Capital Management

The holdings of Dev Kantesaria – Valley Forge Capital Management as of 9/30/2024.

Dodge & Cox Top 25

Reported Dodge & Cox holdings as of September 30th, 2024. Please note that the portfolio share counts are divided by 1000 vs the actual share counts to keep the sample portfolio in millions rather than billions. These are the top 25 stocks listed in the portfolio, the full portfolio holds 67 stocks. The Fund invests primarily in a broadly diversified portfolio of common stocks. In selecting investments, the Fund invests in companies that, in Dodge & Coxs opinion, appear to be temporarily undervalued by the stock market but have a favorable outlook for long-term growth. The Fund focuses on the underlying financial condition and prospects of individual companies, including future earnings, cash flow and dividends. Various other factors, including financial strength, economic condition, competitive advantage, quality of the business franchise and the reputation, experience and competence of a company’s management are weighed against valuation in selecting individual securities.

Francis Chou – Chou Associates

The holdings of Francis Chou – Chou Associates as of 9/30/2024.

Goldfarb & Poppe – Sequoia

Robert Goldfarb and David Poppe’s Sequoia Fund. Last updated September 30th, 2024. The Fund has one of the best long-term track records on Wall Street. Investment Strategy The Fund’s investment objective is long-term growth of capital. In pursuing this objective, the fund focuses principally on common stocks that it believes are undervalued at the time of purchase and have potential for growth. A guiding principle is the consideration of common stocks as units of ownership of a business and the purchase of them when the price appears low in relation to the value of the total enterprise. No weight is given to technical stock market studies. The balance sheet and earnings history and prospects of each investment are extensively studied to appraise fundamental value.

Guy Spier – Aquamarine Capital

The holdings of Guy Spier – Aquamarine Capital as of 9/30/2024.

Jeremy Grantham 13F Portfolio

The holdings of Jeremy Grantham 13F Portfolio as of 9/30/24

Josh Tarasoff – Greenlea Lane Capital

The holdings of Josh Tarasoff – Greenlea Lane Capital as of 9/30/2024.

Li Lu – Himalaya Capital Management

The holdings of Li Lu – Himalaya Capital Management as of 9/30/2024. Actual quantities are divided by 1000.

Michael Burry – Scion Asset Management

The holdings of Michael Burry – Scion Asset Management as of 9/30/2024.

Mohnish Pabrai – Pabrai Investments

The holdings of Mohnish Pabrai – Pabrai Investments as of 9/30/2024.

Pat Dorsey – Dorsey Asset Management

The holdings of Pat Dorsey – Dorsey Asset Management as of 9/30/2024. Actual quantities are divided by 1000.

Seth Klarman – Baupost Group

The top 25 holdings of Seth Klarman of the Baupost Group as of 9/30/2024. Actual quantities are divided by 1000.

Stanley Druckenmiller 13F Portfolio

The holdings of Stanley Druckenmiller 13F Portfolio as of 6/30/24

Thomas Gayner – Markel Group

The top 25 holdings of Thomas Gayner – Markel Group as of 9/30/2024. Actual quantities are divided by 1000.

Tweedy Browne Value Top 25

Reported Tweedy Browne holdings as of September 30th, 2024. Shares listed are actual quantities. These are the top 25 stocks listed in the portfolio, the full portfolio holds 41 stocks. The investment management principles practiced by Tweedy, Browne derive from the work of the late Benjamin Graham, professor of investments at Columbia Business School and author of Security Analysis and The Intelligent Investor. Tweedy, Brownes research seeks to appraise the worth of a company, what Graham called intrinsic value, by determining its acquisition value, or by estimating the collateral value of its assets and/or cash flow. The term intrinsic value may also be referred to as private market value, breakup value or liquidation value. The process is more closely related to credit analysis, for as we have said, we are as concerned with the return of our capital as we are with the return on our capital. Investments are made at a significant discount to intrinsic value, which Graham called an investors margin of safety. Investments are generally sold as the market price approaches intrinsic value, with the proceeds reinvested in other situations offering a greater discount to intrinsic value. Adhering to the principles of intrinsic value and margin of safety results in an investment policy that runs counter to the general market psychology, and seeks to reduce the decision to purchase or sell securities to a discipline rather than an art.

Warren Buffett Top 25

As of September 30th, 2024, Warren Buffett’s portfolio held 50 stocks. The top 25 stocks represent over 95% of the value of the portfolio and are listed here. The share quantities have been divided by 1000 so the sample portfolio total value is in the millions and not the billions (as it actually is).

Weitz Value

Holdings of legendary value investor Wallace Weitz as of 9/30/2024. Quantities are divided by 1000. Weitz Investment Philosophy: We have one primary objective: To earn superior investment returns on our clients’, and our own, capital without taking unnecessary risks. Our strategy is to try to understand what a rational buyer would be willing to pay for 100% of a given company. Our valuation may focus on asset values, earning power, the intangible value of a company’s franchise in its market, or a combination of these variables. We then try to buy shares of the company’s stock at a significant discount to this private market value. It is this discount that provides the margin of safety that minimizes the risk of permanent loss of capital.

Yacktman Focused – Top 25

9/30/2024
Actual quantities have been divided by 1,000. The firm seeks to be objective, patient, and diligent in its investment approach. Yacktman Asset Management selects individual securities, analyzing investments from the bottom-up.