STOCKS

Wall Street just hit “publish” on one of its most revealing rituals—13F filings. These quarterly disclosures give the public a look into what stocks the market’s biggest players were buying, selling, or totally ghosting. The deadline hit yesterday, and we’ve now got a fresh batch of moves from the folks who manage billions.

Scion Asset Management (Michael Burry) — The man best known for shorting the housing market—and starring in The Big Short—hit the eject button. Burry dumped nearly everything last quarter, keeping only a few bearish bets via put options on Nvidia and some Chinese stocks. He also doubled down on Estée Lauder. Either he’s preparing for financial armageddon… or just calling game and walking off the court.

Icahn Enterprises (Carl Icahn) — Never one to shy away from a fight, Icahn doubled his stake in JetBlue and secured two board seats after an activist push. He also made a big bet on Illumina, while trimming exposure to Southwest Gas. Looks like Carl’s taking his activist toolkit from energy to airlines—and eyeing biotech as his next frontier.

Appaloosa Management (David Tepper) — Tepper changed his tune on China. Once bullish on a Beijing bounce, he slashed stakes in Alibaba, JD. com, PDD, and Baidu—some by nearly 50%. In their place? Fresh positions in L3Harris, Deutsche Bank, Broadcom, and a ride with Uber. Call it a pivot from policy risk to defense and mobility.

Pershing Square (Bill Ackman) — Ackman went big on Uber—30 million shares big. He also padded his bets on Brookfield and Hertz, but trimmed his exposure to Alphabet, Hilton, and Chipotle. The biggest move? A full goodbye to Nike. Maybe Bill’s not vibing with the swoosh anymore.

Berkshire Hathaway (Warren Buffett) — The Oracle kept Apple untouched (all 300 million shares), but continued paring back on banks. He slashed more of Bank of America and fully exited Citigroup. On the flip side, he doubled his stake in Constellation Brands—aka the folks behind Modelo and Corona. With valuations high and interest rates sticky, it seems Buffett would rather bet on beer than banking.

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