# What value investors bought and sold in Q3 2016 | moatshark

In Q3 2016, 29 value investors filed 13Fs. The most popular buy was Visa, added to by 7 managers, followed by Baidu and Pepsico.

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Visa (V) | 7 | 0 | $102m |
| Baidu (BIDU) | 6 | 1 | $34.8m |
| Pepsico (PEP) | 5 | 0 | $285m |
| Alphabet (GOOG) | 5 | 0 | $145m |
| Wells Fargo & Company (WFC) | 4 | 0 | $125m |
| BNY (BK) | 4 | 0 | $111m |
| Mastercard (MA) | 4 | 0 | $35.6m |
| Walt Disney (DIS) | 4 | 0 | $29.5m |
| Johnson Controls International (JCI) | 3 | 3 | $2.2bn |
| Dell Technologies (DELL) | 3 | 3 | $851m |
| Twenty First Centy Fox | 3 | 0 | $735m |
| Yahoo | 3 | 1 | $725m |
| HCA Healthcare (HCA) | 3 | 1 | $524m |
| Grupo Televisa (TV) | 3 | 0 | $351m |
| Meta Platforms (META) | 3 | 1 | $215m |
| Brown-Forman (BF.B) | 3 | 0 | $204m |
| Fortive (FTV) | 3 | 3 | $167m |
| Apple (AAPL) | 3 | 1 | $102m |
| Qualcomm (QCOM) | 3 | 1 | $85.9m |
| American Express (AXP) | 3 | 0 | $68.6m |
| Microsoft (MSFT) | 3 | 0 | $65.1m |
| Liberty Global (LBTYA) | 3 | 0 | $56.7m |
| O'Reilly Automotive (ORLY) | 3 | 0 | $12.2m |
| Chesapeake Energy (EXE) | 2 | 0 | $608m |
| Suncor Energy (SU) | 2 | 1 | $573m |
| Synchrony Financial (SYF) | 2 | 1 | $498m |
| Schlumberger (SLB) | 2 | 1 | $361m |
| Delta Air Lines (DAL) | 2 | 2 | $268m |
| Seagate Technology (STXN) | 2 | 0 | $262m |
| Booking Holdings (BKNG) | 2 | 0 | $209m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Berkshire Hathaway (BRK.B) | 7 | 1 | $301m |
| Alphabet (GOOG) | 7 | 0 | $290m |
| Wal-Mart Stores (WMT) | 6 | 0 | $2.5bn |
| Microsoft (MSFT) | 6 | 0 | $1.7bn |
| Comcast (CMCSA) | 6 | 0 | $279m |
| Union Pacific (UNP) | 6 | 0 | $98.7m |
| US Bancorp (USB) | 6 | 1 | $1.6m |
| Du Pont EI de Nemours & Co | 5 | 1 | $246m |
| Royal Dutch Shell PLC Spon (RDS.A) | 5 | 2 | $188m |
| JPMorgan Chase (JPM) | 5 | 0 | $169m |
| Johnson & Johnson (JNJ) | 5 | 1 | $119m |
| General Electric (GE) | 5 | 1 | $105m |
| Visa (V) | 5 | 0 | $96.4m |
| Exxon Mobil (EXMOC) | 5 | 1 | $1.4m |
| Allergan (ACT) | 4 | 0 | $776m |
| Automatic Data Processing (ADP) | 4 | 1 | $379m |
| Medtronic (MDT) | 4 | 0 | $282m |
| Charter Communications (CHTR) | 4 | 0 | $193m |
| Oracle (ORCL) | 4 | 1 | $139m |
| Liberty Global (LBTYA) | 4 | 0 | $129m |
| National Oilwell Varco (NOV) | 4 | 1 | $129m |
| Carmax (KMX) | 4 | 0 | $107m |
| Philip Morris International (PM) | 4 | 1 | $77.7m |
| United Technologies (UTXZ) | 4 | 0 | $47.9m |
| Charles Schwab (SCHW) | 4 | 0 | $47.4m |
| Pfizer (PFE) | 4 | 2 | $3.3m |
| International Business Machines (IBM) | 4 | 0 | $1.4m |
| Procter & Gamble (PG) | 4 | 1 | $880k |
| Tyco International | 3 | 3 | $1.9bn |
| Baker Hughes | 3 | 0 | $434m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 14 | $10bn | 15.9% |
| Visa (V) | 13 | $4.0bn | 8.2% |
| Wells Fargo & Company (WFC) | 11 | $28bn | 62.4% |
| Berkshire Hathaway (BRK.B) | 11 | $6.3bn | 33.3% |
| US Bancorp (USB) | 10 | $4.5bn | 5.3% |
| Mastercard (MA) | 10 | $4.5bn | 9.2% |
| Johnson & Johnson (JNJ) | 10 | $954m | 10.6% |
| American Express (AXP) | 9 | $14bn | 7.5% |
| Microsoft (MSFT) | 9 | $7.5bn | 19.4% |
| Comcast (CMCSA) | 9 | $6.9bn | 21.5% |
| Goldman Sachs Group (GS) | 8 | $5.1bn | 2.3% |
| JPMorgan Chase (JPM) | 8 | $4.9bn | 8.7% |
| Charles Schwab (SCHW) | 8 | $4.5bn | 14.0% |
| General Electric (GE) | 8 | $3.6bn | 21.0% |
| Apple (AAPL) | 8 | $3.0bn | 9.8% |
| Union Pacific (UNP) | 8 | $2.6bn | 4.6% |
| Baidu (BIDU) | 8 | $2.4bn | 4.5% |
| Pepsico (PEP) | 8 | $965m | 8.4% |
| International Business Machines (IBM) | 7 | $13bn | 19.5% |
| BNY (BK) | 7 | $6.9bn | 12.6% |
| American International Group (AIG) | 7 | $5.1bn | 13.7% |
| Liberty Global (LBTYA) | 7 | $3.9bn | 13.8% |
| Philip Morris International (PM) | 7 | $1.9bn | 8.3% |
| Carmax (KMX) | 7 | $1.9bn | 8.4% |
| Walt Disney (DIS) | 7 | $398m | 10.0% |
| Kraft Heinz (KHC) | 6 | $30bn | 22.6% |
| Charter Communications (CHTR) | 6 | $9.3bn | 36.1% |
| Bank of America (BAC) | 6 | $5.7bn | 4.0% |
| Schlumberger (SLB) | 6 | $4.6bn | 6.2% |
| Oracle (ORCL) | 6 | $3.8bn | 4.7% |
| Mondelez International (MDLZ) | 6 | $3.8bn | 25.3% |
| Moody's (MCO) | 6 | $3.3bn | 8.4% |
| Wal-Mart Stores (WMT) | 6 | $2.8bn | 1.6% |
| Paypal Holdings (PYPL) | 6 | $2.5bn | 11.9% |
| Liberty Media (FWONA) | 6 | $1.6bn | 2.4% |
| 3M Company (MMM) | 6 | $1.3bn | 4.7% |
| Liberty Interactive | 6 | $1.1bn | 1.4% |
| Costco Wholesale (COST) | 6 | $1.0bn | 2.3% |
| Allergan (ACT) | 6 | $846m | 6.5% |
| Exxon Mobil (EXMOC) | 6 | $123m | 6.8% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2016-q3). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.