Q2 2026: What the Superinvestors Held, Bought, and Sold

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 Q2 filings from the investors on Compounder's superinvestor list and count where they agree and where they moved. How to Read a 13F covers the mechanics of a single filing.

One counting rule shapes every number here: only investors with Q2 holdings on file count. Five of the 97 have nothing newer than an earlier quarter on Compounder (Bill Ackman, Robert Olstein, Tom Bancroft, Brian Bares, and Michael Burry), so the holder, buy, and sell counts below cover the other 92. Alphabet's two share classes, GOOGL and GOOG, are counted separately, so one fund holding both shows up on each line.

Everything below is as of June 30, 2026. Some of these positions have surely changed since, and none of the figures tell you what anyone paid.

The most widely held stocks

Microsoft was the most common holding, in 41 of those 92 portfolios. Alphabet's A shares came next at 40, then Amazon at 37 and Alphabet's C shares at 35. Meta closed out the top five at 33. Together those five lines appear in 186 portfolios. Visa (31), Taiwan Semiconductor (28), Apple (27), and Berkshire Hathaway (26) come next, with Disney and Mastercard tied at 21.

Holder count and dollars can tell different stories. Apple has 27 holders among these investors, which sounds like broad agreement. But Warren Buffett's $65.95 billion stake is 86% of the $76.77 billion they hold in it between them. By headcount Apple is a consensus name. By dollars it is mostly one investor's position.

What they were buying

More investors bought Microsoft than any other stock: 19 in all, 17 adding to positions they already held and two starting new ones. Visa and Amazon drew 13 buyers each, and all 13 of Amazon's were topping up existing stakes. Meta drew 12, four of them new. Most of the buying went to companies these investors already owned.

The standout new name was Veeva Systems. Seven investors opened it from scratch, and nobody added, trimmed, or sold. The positions are small. Terry Smith's $145.0 million stake is the largest at 1.1% of his portfolio, and none of the seven weights it above 1.8%. Seven starter positions tell you a business landed on several research lists in the same quarter. They don't yet tell you anyone is convinced.

Energy drew new money too. Four investors opened Devon Energy and four more added to it. The largest is Christopher Davis's new $1.05 billion position, 4.5% of his portfolio. S&P Global picked up four new holders alongside seven adds.

What they were selling

Alphabet's A shares topped the sell list. Twenty-six investors sold some, and only three of them sold all of it: Andreas Halvorsen, Leon Cooperman, and Paul Isaac. The C shares drew 19 sellers and no full exits. Microsoft came next with 22 sellers and four exits, then Amazon with 20 sellers and none, then Taiwan Semiconductor and Meta at 17 each.

Read down that list and the same pattern holds. Trims far outnumber exits, so this is investors resizing positions in companies they still own. A trim can mean a position grew bigger than its owner wanted, or that conviction slipped a little. The filing doesn't say which.

Apple is the one-sided case among the giants. Twelve investors trimmed it, one sold out, four added, and nobody opened a new position.

The names on both lists

Microsoft drew 19 buyers and 22 sellers in the same three months. Amazon drew 13 and 20, Meta 12 and 17, Visa 13 and 12. Alphabet was the most lopsided of the big names: five buyers against 26 sellers on the A shares, nine against 19 on the C shares.

UnitedHealth, the most contested name in Q1, settled into something more ordinary. Eight investors bought it, two of them new. Thirteen sold, and two left entirely: Thomas Gayner and David Tepper. Nineteen of the 92 still hold it. A high holder count means a stock is on a lot of screens. Whether those investors agree about it is a separate question, and for most of these names the Q2 buy and sell counts say 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, can be up to 45 days old when it lands, and says nothing about why a manager bought or what they paid. By the time you read this, the Q2 positions are more than three months old.

Q3 filings are due November 14, and the live consensus, buy, and sell pages will roll forward as they come in. Reading Cross-Fund Consensus goes deeper on the trap that consensus sets. None of this is investment advice.

Counts above are from Compounder's top-buys and top-sells pages and the holder tables on the linked stock and investor pages, for the quarter ended 2026-06-30, checked on 2026-10-19. Holder counts leave out positions those tables tag with an older quarter. Source: SEC Form 13F filings via SEC EDGAR.