- Billionaire investors including Warren Buffett and George Soros made striking changes to their portfolios last quarter.
- David Einhorn's Greenlight Capital took a stake in Disney, Dan Loeb's Third Point tripled its Amazon holdings, and Seth Klarman's Baupost Group backed Google and Facebook.
- We picked out some of the most noteworthy trades in the period.
- Visit Business Insider's homepage for more stories.
Warren Buffett, George Soros, and other billionaire investors made significant changes to their portfolios in the first quarter, as they looked to capitalize on the coronavirus sell-off and weather the market meltdown.
David Einhorn's Greenlight Capital, Dan Loeb's Third Point, Bill Ackman's Pershing Square, and other high-profile funds revealed their purchases and sales in financial filings last week.
Here are 11 of the juiciest trades in the period:
The famed investor's company threw a $5 billion lifeline to the investment bank in 2008, in exchange for preferred shares paying a 10% dividend, and warrants allowing it to buy a chunk of Goldman's common stock at a discount in the future.
After selling most of its stake last quarter, Berkshire has raked in more than $3 billion from the deal so far.
Soros Fund Management reported a new Disney stake worth about $5 million at the end of March.
It also bolstered its Peloton stake more than ten-fold to nearly 3 million shares, worth about $79 million at the time.
Druckenmiller's Duquesne Family Office took a $3 million stake in Disney last quarter.
It also exited its Snap position, and slashed its Uber holdings from about 2.6 million shares to only 400.
Ackman's fund used the $2.6 billion it made by hedging the market meltdown to bolster its stakes in several key holdings last quarter.
It grew its Berkshire stake by more than a third to 5.5 million shares, its Hilton holdings by almost a third to roughly 14 million shares, and its Starbucks position by more than 80% to north of 10 million shares.
Icahn bolstered his investment in debt-ridden Occidental Petroleum by more than 290% last quarter, from about 23 million shares to 89 million.
The activist investor complained in April after the oil-and-gas giant opted to pay its dividend to Warren Buffett in stock to save cash.
"I can't argue with you that it was one of the most ridiculous deals that I've ever seen," he said in an interview last month.
Tepper's Appaloosa Management boosted its technology investments last quarter.
It built a $136 million stake in Twitter, a $96 million stake in Netflix, and positions valued below $25 million in Microsoft and Tesla.