The Q1 2025 13F season
← Every quarter100 of the 101 managers we track have filed a Q1 2025 13F. Between them they opened 678 new positions and sold out of 754, across 2,439 names.
A 13F is due within 45 days of the quarter's end — 2025-05-15 for Q1 2025. Books still arrive for weeks after it; the numbers above cover the managers who have filed.
Each manager is compared against their OWN previous filed book, never the calendar's previous quarter — a manager who skipped a quarter would otherwise report every line they hold as new. 3 positions were reported under a different identifier than in the manager's previous book (an ADR line becoming an ordinary one, a CUSIP re-issue); they are counted as held, and as neither a new position nor an exit. 154 lines this quarter carry no ticker in the register; they are counted, and they cannot appear on the two name boards.
The biggest new positions
A name a manager reported holding this quarter and did not report in their own previous book. The value is the one the manager filed.
| Manager | Company | Reported value |
|---|---|---|
| Pershing Square Capital Management, L.P. | UBER UBER TECHNOLOGIES INC | $2.2B |
| GQG Partners LLC | GE GE AEROSPACE | $1.6B |
| GQG Partners LLC | CVX CHEVRON CORP NEW | $1.5B |
| GQG Partners LLC | IBM INTERNATIONAL BUSINESS MACHS | $1.0B |
| VIKING GLOBAL INVESTORS LP | META META PLATFORMS INC | $845M |
| VIKING GLOBAL INVESTORS LP | COF CAPITAL ONE FINL CORP | $823M |
| Berkshire Hathaway Inc | NUE NUCOR CORP | $693M |
| GQG Partners LLC | BDX BECTON DICKINSON & CO | $690M |
| Pentwater Capital Management LP | ITCI INTRA-CELLULAR THERAPIES INC | $685M |
| WINDACRE PARTNERSHIP LLC | SGI SOMNIGROUP INTERNATIONAL INC | $623M |
Free: the top 10 of 678 · Pro: every new position in the quarter.
The biggest exits
A name in a manager's previous book that is absent from this one. The value is what the manager reported for it LAST quarter — the only value that line ever had.
| Manager | Company | Value when last reported | Their prior book |
|---|---|---|---|
| GQG Partners LLC | UNH UNITEDHEALTH GROUP INC | $1.7B | 2024-Q4 |
| Pershing Square Capital Management, L.P. | NKE NIKE INC | $1.4B | 2024-Q4 |
| Berkshire Hathaway Inc | C CITIGROUP INC | $1.0B | 2024-Q4 |
| Fundsmith LLP | PEP PEPSICO INC | $861M | 2024-Q4 |
| GQG Partners LLC | MRVL MARVELL TECHNOLOGY INC | $802M | 2024-Q4 |
| BAILLIE GIFFORD & CO | AMD ADVANCED MICRO DEVICES INC | $767M | 2024-Q4 |
| GQG Partners LLC | SNOW SNOWFLAKE INC | $751M | 2024-Q4 |
| VIKING GLOBAL INVESTORS LP | CMCSA COMCAST CORP NEW | $744M | 2024-Q4 |
| COATUE MANAGEMENT LLC | VRT VERTIV HOLDINGS CO | $724M | 2024-Q4 |
| VIKING GLOBAL INVESTORS LP | GOOGL ALPHABET INC | $693M | 2024-Q4 |
Free: the top 10 of 754 · Pro: every exit in the quarter.
The names most managers added
Opened, or increased by more than 2% of the shares they already held — the same threshold every filer page applies.
Free: the top 10 of 1,389 · Pro: every name added this quarter.
What most of them hold
How many of the tracked managers reported the name at all this quarter — overlap, not conviction.
Free: the top 10 of 2,439 · Pro: every name the roster reported.