This is the third and last of a three-part series. Part 1 covers the state of the nation plus some of the better-known investors, while Part 2 covers some less-known investors worth following. Part 3 brings it all together, and we will look at the big trends and takeaways from these quarterly filings, plus a short take on the major moves.
Find Part 1 here:
Find Part 2 here:
Invest alongside me
I don’t just write about these companies — I invest in them. My Wikifolio is where I put the research and investment approach you read about here into practice, with a concentrated portfolio built for the long term.
Current investments include Arista Networks, Alphabet, ASML, AMD, Booking, and others.
How I measure buys and sells:
I only take buy and sell decisions that surpassed a certain threshold: I am not interested if a fund manager sells 5% of his 31st largest holding. I am focusing on the changes that have a real impact on the fund.
The buys
There was a clear winner in terms of buys: Mastercard
Three different fund managers had Mastercard on their shopping list in Q2. Mastercard is a fantastic company, and it's rare to be able to buy it at a relative discount. Mastercard is never a cheap company, but the business justifies the premium.
For this very reason, I also published an article on Mastercard. I am happy that I bought shares, and I hope some of you did so as well. In this article, I also explain why Mastercard will continue to have a great future.
Invest at your own risk; this is not financial advice! This is not a recommendation to buy or sell any securities discussed in the article.
You can see that there was no clear runaway favorite amongst the top fund managers that I follow. No other position apart from Mastercard had more than two individual fund managers as buyers.
There is a clear theme on financial-related companies finally selling for a discount: Mastercard, Visa, and S&P Global.
As usual, some of the Mag7 found their way into the portfolios, namely Microsoft and Amazon.
Learn more about my take on Amazon here
Uber and Netflix are two companies that I want to look into deeper in due time.
This is the end of the free section. If you want to:
✅ See exactly which stocks superinvestors were dumping — four managers sold Amazon, three sold Visa, three sold Zoetis
✅ Get the full verdict: which stocks were genuine net buys once you weigh buys against sells (spoiler: Amazon isn’t one of them)
✅ Find out why Zoetis lost 69% of its value — and why three fund managers bailed before the collapse, not after
✅ My full take on Chris Hohn’s contrarian bet on two “boring” gravel companies — and the case for why he might be right despite red flags I’d normally avoid
✅ Access all previous deep dives and portfolio updates
Then, please become a paid subscriber. To all existing paid subscribers: You rock🙏
