The smart money

148 fund managers tracked through their quarterly SEC 13F filings. Every number below is the filed US book value, not an estimate. Cross-reference any holding on its company research page.

Warren Buffett

Berkshire Hathaway

Wide-moat businesses at fair prices, held forever.

Li Lu

Himalaya Capital

Concentrated value, deep research, long horizons.

Bill Ackman

Pershing Square

Concentrated, activist quality compounders.

Mohnish Pabrai

Pabrai Funds

Heads I win, tails I don't lose much.

Seth Klarman

Baupost Group

Margin of safety above all; patience is an edge.

David Tepper

Appaloosa

Aggressive, opportunistic, macro-aware.

Michael Burry

Scion Asset Management

Deep-value contrarian; bets against the crowd.

Chuck Akre

Akre Capital Management

Compounding machines held for the very long run.

Bill Gates

Gates Foundation Trust

A charitable trust compounding patiently in a handful of franchises.

David Einhorn

Greenlight Capital

Value with a catalyst, and gold when policy gets loose.

Carl Icahn

Icahn Enterprises

Activist pressure on undervalued boards.

Chris Hohn

TCI Fund Management

A few irreplaceable businesses, owned forever, with pressure applied.

Terry Smith

Fundsmith Equity

Buy good companies. Don't overpay. Do nothing.

Joel Greenblatt

Gotham Asset Management

The magic formula: good businesses at bargain prices, diversified.

Chase Coleman

Tiger Global Management

Growth-tech at scale; long secular winners.

Philippe Laffont

Coatue Management

Technology, media and telecom growth.

George Soros

Soros Fund Management

Global macro; reflexivity and asymmetric bets.

Ken Griffin

Citadel Advisors

Multi-strategy, quantitative, market-neutral.

Renaissance Technologies

Systematic, model-driven quant investing.

Cathie Wood

ARK Investment Management

Disruptive innovation; high-conviction growth.

Nelson Peltz

Trian Fund Management

Constructive activism in quality consumer brands.

David Abrams

Abrams Capital Management

Flexible, opportunistic value.

Andreas Halvorsen

Viking Global Investors

Fundamental long/short across sectors.

Stephen Mandel

Lone Pine Capital

Quality growth long/short.

Bruce Berkowitz

Fairholme Capital

Concentrated deep value; ignore the crowd.

Prem Watsa

Fairfax Financial Holdings

Insurance float invested with value discipline.

Howard Marks

Oaktree Capital Management

Credit-driven, contrarian, risk-aware value.

Thomas Gayner

Markel Group

Buy wonderful businesses and hold for decades.

Yacktman Asset Management

Quality at a discount; patient and defensive.

Daniel Loeb

Third Point

Event-driven, constructivist value.

Mason Hawkins

Southeastern Asset Management

Concentrated value at a discount to appraisal.

John Paulson

Paulson & Co

Event-driven, merger arbitrage, gold.

Leon Cooperman

Omega Advisors

Value with a macro overlay.

Robert Olstein

Olstein Capital Management

Forensic accounting-driven value.

Guy Spier

Aquamarine Capital

Buy great businesses, hold forever, stay off the treadmill.

Duan Yongping

H&H International Investment

Concentrated bets on businesses he understands deeply.

Lee Ainslie

Maverick Capital

Fundamental long/short, Tiger cub discipline.

ValueAct Capital

ValueAct Holdings

Constructive activism from inside the boardroom.

Bill Nygren

Harris Associates (Oakmark)

Value with a long horizon; buy the discount to worth.

Norbert Lou

Punch Card Management

Very few bets, held with total conviction.

Henry Ellenbogen

Durable Capital Partners

Small caps that grow into durable franchises.

Christopher Bloomstran

Semper Augustus

Quality compounders, bought only when cheap.

Glenn Greenberg

Brave Warrior Advisors

A handful of high-return businesses, deeply researched.

Alex Roepers

Atlantic Investment Management

Concentrated industrial value with a catalyst.

Valley Forge Capital

Valley Forge Capital Management

A few dominant, capital-light businesses.

David Rolfe

Wedgewood Partners

Focused growth; own the moat, not the market.

Glenn Welling

Engaged Capital

Small-cap activism with a friendly hand.

Clifford Sosin

CAS Investment Partners

Deep work, very few names, long holding periods.

AltaRock Partners

Extreme concentration in exceptional businesses.

Francois Rochon

Giverny Capital

Own the business, not the stock; ignore the noise.

Arnold Van Den Berg

Century Management

Value with a margin of safety, learned the hard way.

Bryan Lawrence

Oakcliff Capital

Concentrated value, patient capital.

Bill Miller

Miller Value Partners

Contrarian value; buy what others will not.

Pat Dorsey

Dorsey Asset Management

Moats first. Then price.

AKO Capital

Quality European and global businesses, long-biased.

Hillman Capital

Hillman Capital Management

Companies with a durable competitive advantage.

Triple Frond Partners

Concentrated, low-turnover, quality growth.

Tom Bancroft

Makaira Partners

Few names, long horizon, owner mindset.

Ruane Cunniff

Ruane, Cunniff & Goldfarb (Sequoia)

The Sequoia tradition: quality at a sensible price.

Greg Alexander

Conifer Management

Quiet, concentrated, long-term compounding.

John Rogers

Ariel Investments

Patient value; slow and steady wins the race.

First Eagle

First Eagle Investment Management

Global value with gold as insurance.

Dennis Hong

ShawSpring Partners

Long-term growth, deeply researched, concentrated.

Sarah Ketterer

Causeway Capital Management

International value with a quantitative overlay.

Wallace Weitz

Weitz Investment Management

Value with a growth conscience.

Dodge & Cox

Patient, contrarian, fundamentally driven value.

Francis Chou

Chou Associates Management

Deep value, willing to look wrong for years.

Samantha McLemore

Patient Capital Management

Contrarian value with a long time horizon.

Polen Capital

Polen Capital Management

Only the highest-quality growth compounders.

First Pacific Advisors

Absolute-return value; capital preservation first.

Mairs & Power

Quality businesses, held for the long run.

Third Avenue Management

Safe and cheap; the Whitman school of value.

John Armitage

Egerton Capital

Long/short quality across Europe and the US.

Thomas Russo

Gardner Russo & Quinn

Global family-controlled brands; capacity to suffer.

Vulcan Value Partners

Buy quality when price falls below value.

Robert Vinall

RV Capital

One decision a year, made properly.

Josh Tarasoff

Greenlea Lane Capital

Very concentrated, very long term.

Kahn Brothers

Kahn Brothers Group

Graham-school value, practiced for generations.

William Von Mueffling

Cantillon Capital Management

High-return-on-capital businesses, globally.

Christopher Davis

Davis Advisors

Buy durable businesses at value prices.

Tweedy Browne

Tweedy, Browne Company

The original Graham brokers, still hunting bargains.

Muhlenkamp

Muhlenkamp & Company

Value driven by return on shareholder equity.

Jensen Investment Management

Only businesses with a decade of high returns on equity.

Steven Check

Check Capital Management

Buffett-style value, concentrated.

Torray

Torray Investment Partners

Long-term value, low turnover.

Lindsell Train

Lindsell Train Ltd

Rare, durable brands, held almost forever.

Richard Pzena

Pzena Investment Management

Classic deep value: buy the unloved.

David Katz

Matrix Asset Advisors

Value with a catalyst, patiently held.

Greenhaven Associates

Patient, concentrated value in big, boring businesses.

Abrams Bison

Abrams Bison Investments

Concentrated value, quietly compounded.

Harry Burn

Sound Shore Management

Classic value: buy the misunderstood, wait.

Steve Cohen

Point72 Asset Management

Trading edge at scale; hundreds of bets, tightly risked.

Israel Englander

Millennium Management

Many small, uncorrelated bets. Never one big one.

D. E. Shaw

D. E. Shaw & Co.

Quant pioneers; the machines find the edge.

Cliff Asness

AQR Capital Management

Value and momentum, systematically, whatever the mood.

Paul Tudor Jones

Tudor Investment Corp

Macro trader; cut the losers fast, ride the winners.

Ken Fisher

Fisher Asset Management

Contrarian growth at enormous scale.

Two Sigma

Two Sigma Investments

Data first, opinion never.

Paul Singer

Elliott Investment Management

The most feared activist in the market.

Marshall Wace

Marshall Wace LLP

Systematic long/short, built on signals.

Farallon Capital

Farallon Capital Management

Event-driven value with a risk-arb spine.

Lyrical Asset Management

Deep value in unloved mid caps.

Whale Rock Capital

Whale Rock Capital Management

Technology growth, long and short.

Scott Ferguson

Sachem Head Capital Management

Activist value; a seat at the table.

Scopia Capital

Scopia Capital Management

Fundamental long/short with a value tilt.

Kensico Capital

Kensico Capital Management

Concentrated, research-driven equity.

Marc Stad

Dragoneer Investment Group

Growth compounders, public and private.

Tybourne Capital

Tybourne Capital Management

Asia-informed global long/short.

Brian Bares

Bares Capital Management

Concentrated small cap quality.

Broad Run Investment

Broad Run Investment Management

Long horizon, low turnover, high conviction.

Boykin Curry

Eagle Capital Management

Quality businesses bought in bad weather.

Select Equity Group

Quality growth, deeply researched.

Silchester International

Silchester International Investors

Patient international value.

Jonathan Auerbach

Hound Partners

Long/short with a value spine.

Connor Haley

Alta Fox Capital

Small cap growth and activism.

Al Gore

Generation Investment Management

Sustainability as a quality filter.

Parnassus Investments

Principled investing in quality US names.

Arrowstreet Capital

Systematic global equity at scale.

Senator Investment Group

Event-driven and opportunistic.

Brett Barakett

Tremblant Capital

Growth long/short.

Travis Cocke

Voss Capital

Deep value in overlooked small caps.

Robert Pitts

Steadfast Capital Management

Fundamental long/short, quality growth.

Longview Partners

Concentrated global quality.

Marathon Asset Management

The capital cycle, applied patiently.

Hosking Partners

Global, contrarian, capital cycle driven.

Findlay Park Partners

American quality, seen from London.

Veritas Asset Management

Real return, concentrated global equity.

Impax Asset Management

The transition to a sustainable economy.

Praesidium Investment

Praesidium Investment Management

Constructive activism in small cap tech.

Scott Miller

Greenhaven Road Capital

Small cap value, owner operators.

Baillie Gifford

Baillie Gifford & Co

Actual investors; growth measured in decades.

Capital Research Global

Capital Research Global Investors

One of the largest active managers alive.

Lewis Sanders

Sanders Capital

Valuation-led, all cap.

Ruffer LLP

Absolute return; do not lose money.

Roberto Mignone

Bridger Management

Long/short, quality growth.

Contrarius Group

Contrarius Investment Management

Contrarian by name and by construction.

David Greenspan

Slate Path Capital

Concentrated fundamental equity.

Woodson Capital

Woodson Capital Management

Consumer and internet long/short.

Burgundy Asset Management

Canadian house, global value discipline.

Kiltearn Partners

Global value from Edinburgh.

David Nierenberg

Nierenberg Investment Management

Engaged small cap ownership.

Hardman Johnston

Hardman Johnston Global Advisors

Global growth, bottom up.

Josh Resnick

Jericho Capital Asset Management

Technology long/short.

Larry Robbins

Glenview Capital Management

Healthcare-heavy value with an activist edge.

Keith Meister

Corvex Management

Activist; concentrated and vocal.

Jeff Smith

Starboard Value

The activist boards least want to see.

JANA Partners

JANA Partners Management

Activist value, sale-of-company minded.

Jonathan Litt

Land & Buildings

Activist in real estate and REITs.