Q1 2026: What the Superinvestors Held, Bought, and Sold
Last updated: 2026-06-11
Big institutional investors disclose their U.S. stock positions every quarter, and the Q1 2026 filings are in. They cover the quarter that ended March 31 and were filed through mid-May. Below is what the investors we track were holding, what most of them were buying, and what they were selling. It is one quarter's data, and the last section gets into why the overlap you're about to see proves less than it looks.
What we're reading
These figures come from Form 13F, the quarterly filing any manager running at least $100 million in U.S. stocks has to submit to the SEC. We line up the filings from the investors on Compounder's superinvestor list and count where they agree and where they moved. If you want the mechanics of a single filing, How to Read a 13F covers them.
Everything below is as of the last day of the quarter, March 31, 2026. Some of these positions have surely changed since, and none of the figures tell you what anyone paid.
The most widely held stocks
Alphabet was the single most common holding, in 16 of the tracked portfolios through its C-share line (GOOG), with another 15 holding the A shares (GOOGL). Berkshire Hathaway came next at 14, then Microsoft at 13. Visa and Meta tied at 12. Moody's, Amazon, and Mastercard tied at 11, and Apple closed out the top ten at 10.
It is a familiar lineup: payment networks, a ratings business with few real competitors, a few of the big compounders. These are the companies long-term investors expect to still be around in ten years.
What they were buying
More funds added to Microsoft than to any other stock this quarter. Alphabet, Amazon, and Berkshire were close behind. In each of those, funds were topping up positions they already held rather than starting fresh ones. The money went to companies these investors already knew.
Sunbelt Rentals was the standout new buy. Several funds opened it from scratch, which rarely happens with a name this far outside the mega-caps. Some funds also started Alphabet positions through the A-share line, and managed care drew real money, with both Elevance and UnitedHealth among the more widely bought stocks.
What they were selling
The sell side ran through the same household names. Alphabet, Visa, Meta, and Microsoft were trimmed the most widely, and these were mostly reductions, not clean exits. Bank of America, Berkshire, Amazon, Capital One, Mastercard, and Charles Schwab also turned up among the stocks funds were cutting back.
UnitedHealth is the one worth slowing down on. More funds left it entirely than trimmed it, while a separate group kept adding. The investors we track pulled in opposite directions on UnitedHealth all quarter.
The names on both lists
Alphabet, Microsoft, Meta, Amazon, Berkshire, and UnitedHealth all sit near the top of the buy list and the sell list at once. The most heavily traded names had capable funds buying and capable funds selling in the same window.
This is what consensus looks like up close. A lot of serious investors studied the same company over the same three months and walked away with opposite answers. A high holder count means a stock is on a lot of screens. Whether those investors agree about it is a different question, and usually the answer is no.
Why none of this is a signal
A stock being widely held, or widely bought, is a reason to look closer. It is not a conclusion. A 13F is long-only, up to 45 days old, and says nothing about why a manager bought or what they paid. A name several investors you respect all own is worth your time. It is still not worth buying just because they did.
Reading Cross-Fund Consensus goes deeper on the trap that consensus sets. The investor and stock pages on Compounder track how these positions move from one quarter to the next. None of this is investment advice.