Behind the market’s noise, the smartest investors have been quietly repositioning—trading drama for discipline. Their 13F filings reveal a clear pattern: trimming stretched winners and doubling down on high-quality, durable businesses. Names like Ackman, Akre, Tepper, and Buffett aren’t chasing volatility; they’re shaping their portfolios around strength, cash flow, and long-term conviction. Even with a 45-day delay, these filings show how elite investors navigate uncertainty with precision. For anyone juggling life and markets, these moves offer something rare: clarity.

Let’s embark on this transformative journey together and position your portfolio for success in this evolving market landscape!

Be sure to read through to the end to catch all the valuable insights this newsletter delivers to your inbox today.

Five years ago, Bel Fuse Inc. $BELFA ( ▲ 2.42% ) shares were trading around $13.75 each. Jump to November 14, 2025, and it's closed at $121.35—a crisp 782% rise that taps into electronics and connector demand. The chart paints a steady build from 2022 lows, with solid steps through 2025 and a 52-week high of $142.70 showing untapped shine.

Keeping it real, the compound annual growth rate (CAGR) hits 54.58%. That's the average yearly kick—worked out by raising the total growth factor to the 1/5 power and subtracting 1. In short, it's like adding over half again to your money each year, compounded.

Dollar-cost averaging (DCA) polishes this plan: Slide $500 in every month for five years, totaling $30,000. You grab more shares on dips and fewer on peaks, smoothing the edges. Sticking to the historical beat, with a monthly growth rate of about 3.70% from $121.35, the pieces fit together.

After 60 months, your total could reach $105,862. That's a gain of $75,862—a 253% return on your cash. The first buys get the full compounding glow, while later ones still catch the light.

This follows the trail of the past, not a map for tomorrow—markets move, and a P/E ratio of 23.54 keeps it grounded. But with that 52-week high of $142.70 nearby and a $1.78B market cap, BELFA has polish. If DCA's your steady hand, it could buff your $500 routine into a bright spot by 2030. Time to uncover?

The markets have spent the past quarter swinging between relief rallies and sudden selloffs, leaving many investors feeling as though the floor never quite stops shifting. Yet behind all this noise, the most influential institutional investors—the so-called super investors—have been quietly repositioning. Their moves are not announcements; they are footprints. Signals. A way of understanding how disciplined capital behaves when uncertainty becomes the daily weather forecast.

Quarterly 13F filings offer a delayed snapshot of these decisions. They arrive up to 45 days after each quarter ends, which means every number is history, not a promise. Positions disclosed may already be gone; new ones may now exist but are still invisible. Even so, the filings are a rare chance to observe how the world’s most sophisticated stewards of capital think about opportunity, risk, and timing.

This is not a moment for frantic action. It’s a moment for selective clarity. For investors with limited hours in the day—those managing careers, families, obligations, and volatility simultaneously—the lesson is simple: follow the patterns, not the drama.

Across the board, one overarching theme emerged: Super investors are concentrating into quality while trimming what has run too far.

The quiet redistribution of their portfolios reveals a mindset worth emulating—slow, intentional, quality-driven, and resistant to panic.

And for someone in your position—juggling noise from all directions—this quarter’s activity delivers something even more valuable: direction.

Ackman’s portfolio at Pershing Square remains surprisingly still. Amid all the market turbulence, only a handful of adjustments were made—and even those were modest. His largest holding, Uber, still commands more than 20% of his portfolio, followed by Brookfield and a combined position in Alphabet, though the latter was trimmed by nearly 10%.

The cut to Alphabet isn’t necessarily a condemnation. Investors like Ackman often reduce long-standing winners to free capital for new developments that haven’t yet become visible through filings. He still maintains positions in Amazon, Chipotle, Hilton, and other durable compounders—names that thrive on persistent customer demand rather than unstable macro cycles.

The understated message here is simple: In an uncertain market, let your highest-conviction ideas do the heavy lifting.

Akre Capital’s strategy this quarter reveals a deeper level of recalibration. His core pillars remain in place—Mastercard, Brookfield, KKR, Visa, and Moody’s—but allocations shifted meaningfully. Reductions in companies like Visa, Moody’s, and Thermo Fisher show disciplined profit-taking. Meanwhile, massive increases in FICO and Copart—both raised by triple-digit percentages—show where conviction is rising.

Copart, a global digital car auction network, quietly dominates a niche many investors overlook. FICO, the backbone of the U.S. credit scoring system, remains one of the most defensible monopolistic data businesses in the world.

Akre’s behavior illustrates the mindset of someone who treats portfolio space as premium real estate: If a business cannot justify its square footage, it gets trimmed. The exceptional gets expanded.

It’s a remarkably clean philosophy for investors who don’t have time for daily micromanagement.

Daniel Loeb’s Third Point portfolio is as active as ever. With 41 positions, Loeb reshapes his holdings frequently, yet the top of the portfolio remains steady—PG&E, Amazon, Microsoft, Nvidia, and financial infrastructure players. Beneath that calm top layer, however, lies a wave of new additions:

Loeb is clearly positioning into industries where physical infrastructure meets technological demand—transport, energy, computing. The moves are surgical, not reckless.

His behavior reminds investors that high activity and high intentionality are not opposites—they’re a technique.

Tepper’s portfolio is always worth watching for its balance of courage and speed. Alibaba still dominates his holdings despite regulatory pressures. Amazon remains substantial but was trimmed. Meanwhile, major increases in Whirlpool $WHR ( ▲ 1.98% ) , Qualcomm $QCOM ( ▲ 0.64% ) (up 255%), Nvidia $NVDA ( ▲ 2.85% ) , and TSMC $TSM ( ▲ 1.61% ) reveal where he sees durable technological and consumer demand.

He added AMD $AMD ( ▼ 2.93% ) , initiated new positions in airlines and financials, and exited Intel completely—proving once again that he is not sentimental about any holding. If the thesis matures early, he leaves.

For an investor with limited bandwidth, Tepper’s message is vital: When a position fulfills its purpose, move on. Don’t cling to what already paid you.

Rochon’s portfolio provides a calm counterpoint to the high-activity managers. With 52 holdings, he rarely makes sweeping changes. Small increases across a broad range of existing positions show a methodical, dollar-cost-averaging mindset. The biggest new name is ResMed, a leader in respiratory and sleep-apnea devices.

He also exited Starbucks and Bank of America—modest but meaningful moves showing a refinement of priorities rather than aggression.

His approach is best described as curatorial: Collect great companies. Maintain them gently. Adjust only when purpose demands it.

Marks’ portfolio at Oaktree rarely shifts dramatically, but this quarter holds something unexpected: a new position in Core Scientific, the same digital-infrastructure play Loeb just bought.

This is notable—Marks is famously cautious and openly skeptical about tech bubbles. So when a value-driven investor leans into digital infrastructure, it signals a structural rather than speculative trend.

He also added Viper Energy, increased holdings of Talen Energy and Grab, and exited several smaller international names. It’s a portfolio that maintains its defensive nature while acknowledging where the world is evolving.

Dorsey’s portfolio remains tightly focused on businesses with dominant competitive advantages. Even so, this quarter included notable reductions: Meta, AutoZone, Google’s non-voting shares, Booking, and Danaher.

A significant new name is Royalty Pharma, a company that finances pharmaceutical innovation in exchange for royalty streams—an elegant, cash-flow-rich model.

He exited Wix and Semrush entirely, continuing his transition away from internet-marketing-centric businesses toward more predictable, asset-light cash generators.

For busy investors, the lesson is straightforward: Moats matter even more when time is scarce.

Terry Smith made some of the most dramatic moves of all super investors this quarter. He sold out of Mastercard entirely, reduced Meta by more than half, trimmed nearly half of Microsoft, and exited multiple mid-cap holdings.

Yet he simultaneously increased positions in cybersecurity (Kalis), payment platforms (Paycom), pharmaceutical innovators (Catalyst), and home-improvement giant Home Depot.

His portfolio still centers on Stryker, Idex, Google, Microsoft, and Visa—but the message is unmistakable: When valuations stretch, Smith trims—even from the sacred cows.

Berkshire Hathaway made headlines with a rare surprise: a new position in Alphabet.

For a portfolio historically hesitant toward large tech—excluding Apple and Amazon—this signals something meaningful. Berkshire is not chasing hype; it is acknowledging the structural dominance and cash-producing machine that Alphabet has become. At 1.62% of the portfolio, it is not symbolic—it is intentional.

Buffett also continued reducing Apple (down another 14.9%), trimmed Bank of America, and exited DR Horton. Yet Amazon remains untouched near 8% of the portfolio.

If there’s one principle radiating from Berkshire this quarter, it’s this: Great businesses are worth owning, but position sizing must evolve with reality.

Across all these super investors, a few themes echo:

Your time is limited. The market is not going to become quieter. But observing how disciplined capital behaves offers a blueprint for navigating uncertainty with calm intention.

This quarter’s filings whisper a single, steady message:

Slow and steady does not mean slow to act. It means thoughtful enough to move only when it matters.

And for an investor balancing real life with real decisions, that is the most valuable signal to follow.

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