Q2 2026
The Giants
Included: investors with a public record of a value or quality approach who file continuously, hold mainly stocks and show conviction. The roster is recomputed each quarter with the same rules; at most 60, never padded.
I
The 58 Giants Counted This Quarter
Sorted by 13F value; click a heading to re-sort. ▲ = new and added positions, ▼ = trimmed and sold-out positions.
Quality value 21 Classic value 13 Deep value 14 Activist 7 Insurance capital 3
| Giant | 13F value | Holdings | This quarter |
|---|---|---|---|
| Warren Buffett / Greg AbelBerkshire Hathaway Inc | $299.3B | 29 | bought 8 sold 7 |
| Chris HohnTci Fund Management Ltd | $52.8B | 11 | bought 4 sold 3 |
| Chris DavisDavis Selected Advisers | $23.3B | 112 | bought 19 sold 85 |
| Bill AckmanPershing Square Inc | $19.5B | 14 | bought 9 sold 5 |
| Duan YongpingH&H International Investment, LLC | $19.1B | 18 | bought 4 sold 9 |
| Terry SmithFundsmith LLP · Fundsmith Investment Services Ltd. | $18.2B | 42 | bought 18 sold 29 |
| Tom GaynerMarkel Group Inc | $13.1B | 130 | bought 25 sold 5 |
| Sarah KettererCauseway Capital Management LLC | $9.2B | 122 | bought 70 sold 52 |
| Tom RussoGardner Russo & Quinn LLC | $8.9B | 85 | bought 10 sold 44 |
| Edgar WachenheimGreenhaven Associates Inc | $8.7B | 28 | bought 11 sold 12 |
| Carl IcahnIcahn Carl C | $8.3B | 12 | bought 2 sold 2 |
| YacktmanYacktman Asset Management LP | $8.1B | 74 | bought 48 sold 9 |
| Steven RomickFirst Pacific Advisors, LP | $8.0B | 72 | bought 32 sold 34 |
| Ruane, Cunniff & GoldfarbRuane, Cunniff & Goldfarb L.P. | $6.4B | 54 | bought 10 sold 30 |
| Mason MorfitValueact Holdings, L.P. | $5.6B | 18 | bought 8 sold 7 |
| David AbramsAbrams Capital Management, L.P. | $5.5B | 11 | bought 0 sold 1 |
| Seth KlarmanBaupost Group Llc/ma | $5.4B | 23 | bought 9 sold 11 |
| Chuck AkreAkre Capital Management LLC | $5.1B | 19 | bought 2 sold 12 |
| Bill SmeadSmead Capital Management, Inc | $4.7B | 32 | bought 8 sold 25 |
| Dan LoebThird Point LLC | $4.6B | 40 | bought 29 sold 13 |
| Glenn GreenbergBrave Warrior Advisors, LLC | $4.6B | 40 | bought 13 sold 18 |
| AKO CapitalAko Capital LLP | $4.3B | 22 | bought 5 sold 22 |
| Mark MasseyAltarock Partners LP | $4.2B | 8 | bought 3 sold 5 |
| Nelson PeltzTrian Fund Management, L.P. | $4.2B | 8 | bought 1 sold 2 |
| JensenJensen Investment Management Inc | $4.1B | 83 | bought 8 sold 68 |
| David EinhornDme Capital Management, LP | $3.9B | 46 | bought 18 sold 17 |
| Howard MarksOaktree Capital Management LP · Oaktree Fund Advisors, LLC | $3.8B | 51 | bought 19 sold 27 |
| Li LuHimalaya Capital Management LLC | $3.7B | 8 | bought 2 sold 6 |
| Leon CoopermanCooperman Leon G | $3.5B | 39 | bought 10 sold 8 |
| C.T. FitzpatrickVulcan Value Partners, LLC | $3.3B | 36 | bought 10 sold 27 |
| Dev KantesariaValley Forge Capital Management, LP | $3.1B | 7 | bought 0 sold 4 |
| Samantha McLemorePatient Capital Management, LLC | $3.0B | 39 | bought 11 sold 20 |
| Francois RochonGiverny Capital Inc | $3.0B | 51 | bought 18 sold 35 |
| Prem WatsaFairfax Financial Holdings Ltd/ Can | $2.6B | 32 | bought 13 sold 4 |
| Nick TrainLindsell Train Ltd | $2.6B | 28 | bought 7 sold 15 |
| Mason HawkinsSoutheastern Asset Management Inc/tn/ | $1.9B | 47 | bought 10 sold 28 |
| Clifford SosinCas Investment Partners, LLC | $1.9B | 6 | bought 2 sold 4 |
| Pat DorseyDorsey Asset Management, LLC | $1.6B | 11 | bought 8 sold 3 |
| Bruce BerkowitzFairholme Capital Management LLC | $1.5B | 13 | bought 7 sold 1 |
| Wally WeitzWeitz Investment Management, Inc | $1.4B | 50 | bought 13 sold 22 |
| Tweedy, BrowneTweedy, Browne Co LLC | $1.3B | 91 | bought 52 sold 35 |
| Christopher BloomstranSemper Augustus Investments Group LLC | $884.6M | 50 | bought 18 sold 13 |
| William von MuefflingCantillon Capital Management LLC | $665.1M | 27 | bought 0 sold 38 |
| Thomas KahnKahn Brothers Group Inc | $632.7M | 48 | bought 10 sold 16 |
| Third AvenueThird Avenue Management LLC | $625.3M | 55 | bought 16 sold 15 |
| David RolfeWedgewood Partners Inc | $484.4M | 18 | bought 7 sold 15 |
| Bill MillerMiller Value Partners, LLC | $423.1M | 56 | bought 21 sold 22 |
| Robert VinallRV Capital AG | $382.9M | 13 | bought 1 sold 6 |
| Josh TarasoffGreenlea Lane Capital Management, LLC | $364.2M | 10 | bought 1 sold 4 |
| Ron Muhlenkamp / Jeff MuhlenkampMuhlenkamp & Co Inc | $345.3M | 28 | bought 6 sold 4 |
| Mohnish PabraiDalal Street, LLC | $326.7M | 4 | bought 1 sold 2 |
| Glenn WellingEngaged Capital LLC | $322.9M | 9 | bought 2 sold 4 |
| Bryan LawrenceOakcliff Capital Partners, LP | $268.5M | 9 | bought 2 sold 0 |
| Charlie Munger legacyDaily Journal Corp | $256.7M | 4 | bought 0 sold 0 |
| Norbert LouPunch Card Management L.P. | $256.0M | 5 | bought 0 sold 2 |
| Francis ChouChou Associates Management Inc | $216.6M | 31 | bought 1 sold 1 |
| Alex RoepersAtlantic Investment Management, Inc | $192.0M | 12 | bought 7 sold 6 |
| Guy SpierAquamarine Zurich AG | $144.1M | 7 | bought 0 sold 0 |
II
Giants Counted in Earlier Quarters
Giants who met the rules in some earlier quarters but not this one; their holdings still count in those quarters’ totals.
| Giant | Counted | Quarters | Why not this quarter |
|---|---|---|---|
| Allan MechamArlington Value Capital, LLC | Q3 2014 – Q1 2020 | 23 | A1 stopped filing after 2020Q1 |
| Arnold Van Den BergVan Den Berg Management I, Inc | Q1 2004 – Q1 2026 | 51 | A4 top 10 = 39% |
| David KatzMatrix Asset Advisors Inc | Q4 2019 – Q1 2026 | 10 | A4 top 10 = 38% |
| John RogersAriel Investments, LLC | Q1 1999 – Q2 2008 | 10 | A4 top 10 = 33% |
| Mairs & PowerMairs & Power Inc | Q4 1999 – Q1 2010 | 14 | A4 254 holdings |
| Mark HillmanHillman Capital Management, Inc | Q3 2006 – Q2 2012 | 24 | A4 top 10 = 36% |
| Michael BurryScion Asset Management, LLC | Q4 2020 – Q2 2024 | 8 | A1 stopped filing after 2025Q3 |
| Murray StahlHorizon Kinetics Asset Management LLC | Q2 2001 – Q3 2001 | 2 | A4 350 holdings |
| Richard PzenaPzena Investment Management LLC | Q1 1999 – Q1 2000 | 5 | A4 161 holdings, top 10 = 38% |
| Steven CheckCheck Capital Management Inc | Q1 1999 – Q4 2025 | 87 | A3 options = 55% |
| Tom BancroftMakaira Partners LLC | Q3 2013 – Q1 2026 | 51 | A1 empty filing for 2026Q1, no filing for 2026Q2 |
| TorrayTorray Investment Partners LLC | Q2 2001 – Q2 2015 | 25 | A4 top 10 = 35% |