Q2 13Fs: Hedge Funds Buy Up AI Hype While Burry Goes Full Bear; Buffett Rebalances

 | Aug 15, 2023 09:37

  • Q2 2023 13F filings are out, providing insights into market moves during the 3-month period
  • Buffett moves into the homebuilders sector
  • Burry's bearish actions contrast with hedge funds' tech embrace

    • 13F reports for Q2 are out, bringing more clarity on what the biggest funds and investment companies in the market bought and sold during the 3-month period spanning from May to June, which encompassed a roughly 9% rise in the S&P 500.

    For those unfamiliar with 13F filings, these are reports that institutional investment managers overseeing assets exceeding $100 million must submit to the United States Securities and Exchange Commission (SEC) on a quarterly basis.

    These documents reveal the investment manager’s retained holdings in publicly traded securities, encompassing stocks and exchange-traded funds (ETFs), as of the conclusion of the preceding quarter before the filing date.

    For retail investors, however, 13Fs offer a great window into a fund manager’s strategy and how they had been viewing the market during the reported period.

    In Q1, investors took advantage of the banking crisis and the prolonged Chinese economic slowdown to add stocks from within both those topics to their portfolios. For more insights on their actions, read my piece on Q1 13fs here.

    In Q2, however, the bull market took off, and investors were faced with the challenge of repositioning their portfolios. Let’s take a look at some of the biggest happenings of the quarter.