# What value investors bought and sold in Q3 2014 | moatshark

In Q3 2014, 28 value investors filed 13Fs. The most popular buy was Visa, added to by 9 managers (1 buying for the first time), followed by Ebay and…

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Visa (V) | 9 | 1 | $150m |
| Ebay (EBAY) | 6 | 1 | $1.7bn |
| Automatic Data Processing (ADP) | 5 | 1 | $151m |
| Schlumberger (SLB) | 5 | 0 | $95.4m |
| General Electric (GE) | 5 | 0 | $2.6m |
| Mcdonalds (MCD) | 4 | 1 | $885m |
| Liberty Global (LBTYA) | 4 | 0 | $637m |
| Wal-Mart Stores (WMT) | 4 | 0 | $390m |
| Mastercard (MA) | 4 | 0 | $216m |
| Qualcomm (QCOM) | 4 | 1 | $208m |
| National Oilwell Varco (NOV) | 4 | 0 | $97.8m |
| Berkshire Hathaway (BRK.B) | 4 | 0 | $97.5m |
| Diageo (DEO) | 4 | 0 | $74.4m |
| Intel (INTC) | 4 | 0 | $42.1m |
| Lowe’s (LOW) | 4 | 1 | $35.9m |
| Microsoft (MSFT) | 4 | 0 | $33.6m |
| Johnson & Johnson (JNJ) | 4 | 0 | $17.9m |
| Walt Disney (DIS) | 4 | 0 | $5.9m |
| International Business Machines (IBM) | 3 | 0 | $710m |
| Deere & Co (DE) | 3 | 2 | $630m |
| Amazon.com (AMZN) | 3 | 1 | $559m |
| Pepsico (PEP) | 3 | 0 | $459m |
| Liberty Media (FWONA) | 3 | 0 | $418m |
| BNY (BK) | 3 | 0 | $405m |
| General Motors (GM) | 3 | 0 | $375m |
| JPMorgan Chase (JPM) | 3 | 1 | $321m |
| Alphabet (GOOG) | 3 | 0 | $221m |
| Bank of America (BAC) | 3 | 0 | $170m |
| Booking Holdings (BKNG) | 3 | 0 | $164m |
| Discovery Communications Inc S (DISCK) | 3 | 0 | $159m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Comcast (CMCSA) | 6 | 2 | $279m |
| Wells Fargo & Company (WFC) | 6 | 0 | $112m |
| Berkshire Hathaway (BRK.B) | 6 | 0 | $88.7m |
| BNY (BK) | 5 | 0 | $912m |
| Philip Morris International (PM) | 5 | 0 | $133m |
| Microsoft (MSFT) | 5 | 0 | $118m |
| International Business Machines (IBM) | 5 | 0 | $10.3m |
| Mastercard (MA) | 5 | 0 | $8.1m |
| Oracle (ORCL) | 4 | 1 | $345m |
| Chevron (CVX) | 4 | 0 | $305m |
| Apple (AAPL) | 4 | 0 | $165m |
| Liberty Interactive | 4 | 1 | $118m |
| American Express (AXP) | 4 | 0 | $104m |
| Merck & Co. (MRK) | 4 | 0 | $91.3m |
| ConocoPhillips (COP) | 4 | 0 | $86.0m |
| Dnow (DNOW) | 4 | 1 | $47.7m |
| Goldman Sachs Group (GS) | 4 | 1 | $33.3m |
| 3M Company (MMM) | 4 | 0 | $5.6m |
| FedEx (FDX) | 3 | 0 | $660m |
| CVS Health (CVS) | 3 | 0 | $517m |
| Dresser-Rand Group (DRC) | 3 | 2 | $308m |
| Walt Disney (DIS) | 3 | 0 | $123m |
| Pfizer (PFE) | 3 | 0 | $103m |
| American International Group (AIG) | 3 | 1 | $94.6m |
| Forest Labs | 3 | 3 | $90.7m |
| National Oilwell Varco (NOV) | 3 | 0 | $79.6m |
| Abbott Laboratories (ABT) | 3 | 0 | $67.5m |
| Expeditors International of Washington (EXPD) | 3 | 1 | $46.4m |
| Devon Energy (DVN) | 3 | 1 | $44.3m |
| Phillips 66 (PSX) | 3 | 0 | $23.8m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Berkshire Hathaway (BRK.B) | 14 | $8.9bn | 28.6% |
| Visa (V) | 12 | $3.2bn | 6.9% |
| Wells Fargo & Company (WFC) | 11 | $33bn | 62295.2% |
| Mastercard (MA) | 11 | $4.0bn | 9.0% |
| Microsoft (MSFT) | 10 | $10bn | 23.1% |
| Apple (AAPL) | 10 | $7.3bn | 15.8% |
| Johnson & Johnson (JNJ) | 10 | $897m | 10.2% |
| Bank of America (BAC) | 9 | $4.7bn | 18.6% |
| US Bancorp (USB) | 9 | $4.1bn | 4418.4% |
| Exxon Mobil (EXMOC) | 9 | $4.1bn | 14.8% |
| General Electric (GE) | 9 | $2.0bn | 2.4% |
| Philip Morris International (PM) | 9 | $1.8bn | 8.1% |
| Coca-Cola (KO) | 8 | $17bn | 15.7% |
| American Express (AXP) | 8 | $16bn | 12.2% |
| International Business Machines (IBM) | 8 | $14bn | 13.7% |
| BNY (BK) | 8 | $9.4bn | 14.7% |
| Wal-Mart Stores (WMT) | 8 | $7.8bn | 4.3% |
| Alphabet (GOOG) | 8 | $7.2bn | 9.3% |
| Schlumberger (SLB) | 8 | $4.0bn | 3.8% |
| Pepsico (PEP) | 8 | $1.9bn | 21.9% |
| Citigroup (C) | 8 | $1.8bn | 17.8% |
| Mcdonalds (MCD) | 8 | $1.5bn | 10.9% |
| Walt Disney (DIS) | 8 | $520m | 12.6% |
| Goldman Sachs Group (GS) | 7 | $5.5bn | 2.1% |
| Comcast (CMCSA) | 7 | $5.1bn | 3.4% |
| Oracle (ORCL) | 7 | $4.9bn | 6.0% |
| Procter & Gamble (PG) | 7 | $4.6bn | 5.1% |
| National Oilwell Varco (NOV) | 7 | $4.3bn | 2.9% |
| Merck & Co. (MRK) | 7 | $2.2bn | 3.4% |
| Diageo (DEO) | 7 | $1.2bn | 4.0% |
| 3M Company (MMM) | 7 | $1.2bn | 5.1% |
| Automatic Data Processing (ADP) | 7 | $967m | 5.0% |
| ConocoPhillips (COP) | 7 | $860m | 5.0% |
| Phillips 66 (PSX) | 7 | $636m | 0.8% |
| Ebay (EBAY) | 6 | $5.3bn | 18.2% |
| JPMorgan Chase (JPM) | 6 | $4.0bn | 8.1% |
| Moody's (MCO) | 6 | $4.0bn | 45.1% |
| Intel (INTC) | 6 | $3.8bn | 3.9% |
| Mondelez International (MDLZ) | 6 | $2.7bn | 21.4% |
| American International Group (AIG) | 6 | $2.3bn | 3.3% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2014-q3). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.