The 13F Decoder
7minds
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Why this page exists

There are 5,000+ 13F filers. We chose seven — the names whose last-quarter moves a retail investor can actually learn from. No aggregate, no sector-average dilution. Buffett's book, Ackman's book, Dalio's book — read like stories.

Form 13F-HR is the only auditable look retail gets at what big managers buy and sell — disclosed 45 days after each quarter. The Q1 2026 deadline (May 15) is now in the past and every fund tracked here has filed. What you read below is the actual Q1 2026 book, pulled straight from SEC EDGAR.

Three counter-intuitive trades

Pattern-break trades speak louder than top-5 tables. The three Q1 2026 moves the data made us blink at twice:

Where the dollars flowed in Q1 2026

Across all seven funds, here is the net share-flow dollars by sector from Q4 2025 to Q1 2026 — that is, change in share count × price, isolating actual buying/selling from mark-to-market drift. Positive = smart money added, negative = smart money retreated.

Three readings a retail investor can take away:

1. Buffett did a payment-network exit. Visa fully out, Mastercard fully out, plus Chevron −$7B and UnitedHealth fully out. Total proceeds funded one of the biggest Berkshire single-stock buys in a decade: the new $11B Alphabet position.
2. Tech is not "sold." It's reshuffled. The −$0.6B headline hides $2B of Microsoft buying by Ackman and $0.6B of TSMC adding, offset by Tiger Global trimming MSFT and Third Point exiting it. Same sector, opposite trades — the cohort genuinely disagrees on which mega-cap to own.
3. Bridgewater unwinds the passive-core trade. Last quarter Bridgewater added $1.3B to SPY; this quarter it cut iShares back $1B and added single stocks (AMZN, MU, AVGO). The Q4 "give up on stock picking" narrative did not survive Q1.

Why Michael Burry went dark

If you have been looking for Michael Burry's "latest 13F," you will not find one. Here is what the SEC EDGAR record actually shows as of May 18, 2026:

Source: SEC EDGAR direct query; CIK 0001649339.

13F reporting is mandatory for registered investment managers with ≥$100M in qualifying U.S. equities. Scion has now missed three consecutive filings (Q4 2025, Q1 2026 — both deadlines passed), consistent with Burry's late-2025 public indication that he was closing the fund to outside capital. Any site advertising "Burry's latest Q1 2026 picks" is not sourcing from the current SEC record.

Note on other "vanished" names. David Tepper's Appaloosa Management and David Einhorn's Greenlight Capital are still filing — both disclosed Q1 2026 positions on schedule. They are simply outside our curated seven-fund cohort for this edition and may appear in a future one.

Why this matters for retail. Stock-pickers often die on two hills: chasing a manager's most recent disclosed trade (already 45 days old), and chasing a manager who is no longer disclosing (zero signal dressed as breaking news). When you hear a name like Burry in a headline in May 2026, check the EDGAR timestamp before you trade.

Greenwoods — the Asia-capital lens

Greenwoods Asset Management was the first of our seven to file (May 8) and remains the only Asia-focused manager in the cohort. Its US book is the cleanest read on how Asian capital is positioning in US mega-caps and Chinese ADRs — a counterweight to the six US-domiciled funds that dominate the rest of this page.

Greenwoods Q1 2026 snapshot: $3.88B AUM (−4.1% q/q), 25 holdings (−3 vs Q4 2025).

Three Q1 2026 actions worth flagging:

• META trimmed by roughly $348M — this is the single largest single-name cut in the entire Q1 2026 filing. Greenwoods went from 16.3% weight to 8.0% weight. Ackman built into Meta in Q4, Greenwoods bailed out in Q1. A classic split at the AI-ad thesis.
• INTC added by $210M (+167%) — one of the very few funds in this universe to take a contrarian Intel stake. Size still small ($0.3B) but the conviction ratio matters.
• AVGO sold out — Greenwoods had just built AVGO to $85M in Q4 2025 (a "new buy") and exited the entire position by Q1 2026. A 45-day round trip in the most-bid semiconductor outside NVDA.

The Greenwoods read-through, validated against the full Q1 cohort: Asian capital trimmed META early — and the rest of the cohort split. Ackman and Tiger Global also added Meta, Bridgewater bought it, Third Point opened a new $52M position. So Greenwoods's Q1 META cut now reads less like prophecy and more like one Asian manager's view in a mostly-bullish cohort. The bigger consensus signal: Alphabet was added by Berkshire (new $11B), Bridgewater, and Third Point (new) — a much louder vote than any single fund's META trim.

Q1 2026 books — what they actually bought

Each card shows the fund's Q1 2026 Top 5 (the just-filed snapshot), the most important Q4 → Q1 moves, and three things to watch in Q2 2026. Data is direct from SEC EDGAR via OpenBB.

What ≥3 titans own in Q1 2026

Names held by three or more of our seven funds as of Q1 2026, with the net Q4→Q1 action count (buyers vs sellers across the holders).

Alphabet aggregates Class A (GOOGL) and Class C (GOOG) holdings. Each fund counted once even if it holds both classes.

What jumps out:

• Amazon is a 6/7 name. AMZN is held by six of the seven funds — Pershing (17.4%), Third Point (19.4%), Greenwoods (5.4% new) all increased meaningfully. Berkshire fully exited a small remaining position, leaving it as the lone non-holder.
• Alphabet went from 4/7 to 6/7 — Berkshire's new $11B stake and Third Point's new $52M position pushed it from divided to dominant. Pershing was the only meaningful trim.
• Microsoft is now 3/7 with Ackman as the new buyer. Third Point exited, Tiger Global trimmed −$1.7B. The MSFT story is shifting from "passive overweight" to "Pershing's high-conviction bet."

Where the titans disagree in Q1 2026

Same stock, opposite actions. These are the Q1 2026 bets where the smart money is most split — which makes them the most informative to study.

Alphabet — 4 buyers, 1 seller

Buffett finally builds an $11B position the same quarter Ackman trims $1.84B. Two opposite reads on Alphabet at a moment of maximum AI-platform uncertainty. The buyers control 4× the dollar volume; the sellers are notional but high-profile.

Amazon — 3 buyers, 3 sellers

The broadest consensus name (6 of 7 funds) is also one of the most split on direction. Pershing added to make it #2 in his book; Greenwoods opened brand new at 5.4%; Bridgewater added. Berkshire fully exited (small position), Duquesne and Third Point trimmed. "Almost everyone owns it" does not mean "everyone agrees."

TSMC — 2 buyers, 3 sellers

Tiger Global added $0.75B (third largest add), Bridgewater opened new $0.36B. But Duquesne, Third Point, and Greenwoods all trimmed. TSMC went +35% YTD before this quarter, so the trimmers may be locking gains.

Microsoft — 2 buyers, 2 sellers

Ackman's brand new $2.09B Microsoft position is funded by selling Alphabet. Bridgewater added marginally. Third Point exited the entire position; Tiger Global trimmed $1.7B. The split here is the strongest in the cohort — one major fund's highest-conviction Q1 buy is another's full exit.

Nvidia — 2 buyers, 2 sellers

Tiger Global added $209M and Bridgewater added incrementally. Third Point trimmed $521M; Greenwoods trimmed. After a +17% Q1 run, smart money is split: chase or take profits. Watch the Q2 add/trim balance.

META PLATFORMS INC

Pattern check. Five of the six biggest splits are mega-cap tech (GOOGL, AMZN, MSFT, NVDA, TSM, AVGO). The cohort agrees the AI-platform basket matters; it disagrees on which name to own. That makes "smart money consensus" useful directionally but dangerous as a stock-picker. Look at net dollar flow and highest-conviction sizing, not the buyer/seller count alone.

Portfolio Overlap Checker

How much smart money is already in your book? Drop in up to five tickers.

Type up to five tickers you own (comma-separated). The tool will tell you which of the seven titans above holds each one, what action they took last quarter, and how your portfolio maps onto the overall consensus pool. All data is local — nothing leaves your browser.

Seven names to track through Q2 2026

Picked by a single rule: held by ≥3 funds in Q1 2026, and net-bought by more funds than sold in the Q4→Q1 window. That combines "survived the due diligence of the smartest managers" with "positive momentum into Q2." Sectors deliberately diversified.

These aren't buy recommendations — they're high-signal inputs for your own research. If Q2 2026 filings show the cohort continuing to add to these seven, the consensus thesis strengthens. If multiple funds reverse, you got a free early warning.

After Q1 — what we are watching for Q2

• August 14, 2026: Q2 2026 13F filing deadline. We will rebuild this page within 24 hours of each titan's Q2 filing — same seven funds, same structure.
• Three Q1 storylines that resolve in Q2: Does Buffett add to the new $11B Alphabet stake? Does Ackman's $2B Microsoft conviction grow or evaporate? Does Loeb's 71% AUM cut reverse, hold, or accelerate?
• The Consensus, Contrarian, Sector Flow, and Watchlist sections will recompute against the new quarter. Subscribe / bookmark to catch the diff.