# What value investors bought and sold in Q4 2015 | moatshark

In Q4 2015, 29 value investors filed 13Fs. The most popular buy was Bausch Health Companies, added to by 5 managers, followed by Alphabet and Visa.

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Bausch Health Companies (BHC) | 5 | 0 | $507m |
| Alphabet (GOOG) | 5 | 0 | $425m |
| Visa (V) | 5 | 0 | $63.4m |
| Hewlett Packard Enterprise C (HPE) | 4 | 4 | $3.5bn |
| American Express (AXP) | 4 | 0 | $901m |
| Union Pacific (UNP) | 4 | 1 | $373m |
| Berkshire Hathaway (BRK.B) | 4 | 1 | $226m |
| Liberty Global (LBTYA) | 4 | 0 | $213m |
| Apple (AAPL) | 4 | 0 | $90.0m |
| Walt Disney (DIS) | 4 | 0 | $5.2m |
| Apache (9990302D) | 3 | 1 | $761m |
| Wells Fargo & Company (WFC) | 3 | 0 | $520m |
| Cummins (CMI) | 3 | 1 | $495m |
| Deere & Co (DE) | 3 | 0 | $463m |
| Grupo Televisa (TV) | 3 | 1 | $411m |
| Charles Schwab (SCHW) | 3 | 0 | $285m |
| Meta Platforms (META) | 3 | 2 | $283m |
| Nike (NKE) | 3 | 0 | $277m |
| Johnson & Johnson (JNJ) | 3 | 0 | $166m |
| Pepsico (PEP) | 3 | 0 | $162m |
| Carmax (KMX) | 3 | 0 | $98.0m |
| Oracle (ORCL) | 3 | 0 | $91.2m |
| Mondelez International (MDLZ) | 3 | 0 | $79.2m |
| Freeport-Mcmoran (FCX) | 3 | 1 | $51.6m |
| Booking Holdings (BKNG) | 3 | 0 | $48.9m |
| Philip Morris International (PM) | 3 | 0 | $47.1m |
| Liberty Broadband (8L8C) | 3 | 1 | $28.0m |
| Mastercard (MA) | 3 | 0 | $14.2m |
| Rockwell Automation (ROK) | 3 | 0 | $4.0m |
| EMC Corp Mass | 2 | 1 | $1.0bn |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 8 | 0 | $646m |
| Berkshire Hathaway (BRK.B) | 8 | 0 | $88.9m |
| Microsoft (MSFT) | 7 | 1 | $1.7bn |
| American Express (AXP) | 6 | 1 | $1.1bn |
| Wells Fargo & Company (WFC) | 6 | 0 | $420m |
| Mastercard (MA) | 6 | 0 | $266m |
| Visa (V) | 6 | 0 | $188m |
| International Business Machines (IBM) | 6 | 0 | $17.0m |
| Baidu (BIDU) | 5 | 0 | $1.1bn |
| General Electric (GE) | 5 | 1 | $1.1bn |
| Mcdonalds (MCD) | 5 | 1 | $1.0bn |
| BNY (BK) | 5 | 0 | $267m |
| Comcast (CMCSA) | 5 | 0 | $107m |
| Wal-Mart Stores (WMT) | 5 | 1 | $77.8m |
| JPMorgan Chase (JPM) | 5 | 0 | $66.4m |
| Apple (AAPL) | 4 | 0 | $802m |
| Intel (INTC) | 4 | 1 | $404m |
| Du Pont EI de Nemours & Co | 4 | 0 | $327m |
| Allergan (ACT) | 4 | 2 | $278m |
| Praxair (PXGBX) | 4 | 0 | $79.4m |
| 3M Company (MMM) | 4 | 1 | $40.5m |
| Diageo (DEO) | 4 | 0 | $37.3m |
| American International Group (AIG) | 4 | 0 | $32.5m |
| US Bancorp (USB) | 4 | 0 | $5.5m |
| ConocoPhillips (COP) | 4 | 0 | $3.6m |
| Pfizer (PFE) | 3 | 0 | $1.5bn |
| Amazon.com (AMZN) | 3 | 0 | $933m |
| Halliburton (HAL) | 3 | 0 | $818m |
| Loews (L) | 3 | 2 | $756m |
| Ebay (EBAY) | 3 | 2 | $714m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 14 | $12bn | 13.8% |
| Visa (V) | 13 | $3.8bn | 7.7% |
| Wells Fargo & Company (WFC) | 12 | $34bn | 65.8% |
| Berkshire Hathaway (BRK.B) | 12 | $6.9bn | 29.3% |
| American Express (AXP) | 11 | $14bn | 8.0% |
| Mastercard (MA) | 11 | $4.5bn | 10.2% |
| Microsoft (MSFT) | 10 | $10bn | 21.8% |
| Apple (AAPL) | 10 | $6.4bn | 16.4% |
| General Electric (GE) | 10 | $4.4bn | 19.6% |
| US Bancorp (USB) | 10 | $4.4bn | 4.5% |
| International Business Machines (IBM) | 9 | $12bn | 15.2% |
| Pepsico (PEP) | 9 | $2.5bn | 14.8% |
| Johnson & Johnson (JNJ) | 9 | $1.1bn | 11.1% |
| Comcast (CMCSA) | 8 | $5.6bn | 22.8% |
| Bank of America (BAC) | 8 | $5.5bn | 4.0% |
| Precision Castparts | 8 | $2.2bn | 6.3% |
| Philip Morris International (PM) | 8 | $1.8bn | 8.0% |
| Bausch Health Companies (BHC) | 7 | $8.0bn | 25.2% |
| BNY (BK) | 7 | $6.9bn | 10.3% |
| American International Group (AIG) | 7 | $5.5bn | 8.9% |
| JPMorgan Chase (JPM) | 7 | $5.3bn | 12.5% |
| Goldman Sachs Group (GS) | 7 | $4.9bn | 1.9% |
| Baidu (BIDU) | 7 | $2.2bn | 4.4% |
| National Oilwell Varco (NOV) | 7 | $2.1bn | 3.3% |
| Union Pacific (UNP) | 7 | $1.3bn | 3.7% |
| Walt Disney (DIS) | 7 | $392m | 10.6% |
| Kraft Heinz (KHC) | 6 | $24bn | 18.0% |
| Wal-Mart Stores (WMT) | 6 | $5.7bn | 2.6% |
| Mondelez International (MDLZ) | 6 | $4.8bn | 25.6% |
| Procter & Gamble (PG) | 6 | $4.4bn | 3.7% |
| Liberty Global (LBTYA) | 6 | $3.7bn | 2.6% |
| Twenty First Centy Fox | 6 | $3.5bn | 8.9% |
| Moody's (MCO) | 6 | $3.4bn | 8.2% |
| Paypal Holdings (PYPL) | 6 | $2.6bn | 10.5% |
| Du Pont EI de Nemours & Co | 6 | $1.8bn | 10.9% |
| 3M Company (MMM) | 6 | $1.4bn | 5.7% |
| Carmax (KMX) | 6 | $1.3bn | 7.3% |
| Costco Wholesale (COST) | 6 | $1.3bn | 2.3% |
| Halliburton (HAL) | 6 | $1.2bn | 8.8% |
| Automatic Data Processing (ADP) | 6 | $1.1bn | 5.2% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2015-q4). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.