# What value investors bought and sold in Q4 2016 | moatshark

In Q4 2016, 32 value investors filed 13Fs. The most popular buy was Alphabet, added to by 8 managers, followed by Visa and Baidu.

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 8 | 0 | $169m |
| Visa (V) | 8 | 0 | $92.9m |
| Baidu (BIDU) | 5 | 0 | $309m |
| Meta Platforms (META) | 5 | 1 | $229m |
| Liberty Expedia Holdings (LEXEA) | 5 | 5 | $48.6m |
| Allergan (ACT) | 4 | 1 | $948m |
| Adient (ADNT) | 4 | 4 | $637m |
| Grupo Televisa (TV) | 4 | 0 | $315m |
| Alibaba Group Holding (BABA) | 4 | 2 | $37.8m |
| Microsoft (MSFT) | 4 | 0 | $27.1m |
| Apple (AAPL) | 3 | 0 | $4.9bn |
| Monsanto | 3 | 3 | $1.1bn |
| Automatic Data Processing (ADP) | 3 | 2 | $531m |
| Comcast (CMCSA) | 3 | 0 | $463m |
| Liberty Global (LBTYA) | 3 | 0 | $333m |
| Carmax (KMX) | 3 | 0 | $272m |
| Wells Fargo & Company (WFC) | 3 | 0 | $249m |
| Qualcomm (QCOM) | 3 | 0 | $126m |
| Pepsico (PEP) | 3 | 0 | $48.9m |
| BNY (BK) | 3 | 0 | $34.0m |
| US Bancorp (USB) | 3 | 0 | $20.4m |
| American Express (AXP) | 3 | 0 | $17.4m |
| Mastercard (MA) | 3 | 0 | $17.3m |
| Southwest Airlines (LUV) | 2 | 1 | $2.2bn |
| United Airlines Holdings (UAL) | 2 | 1 | $1.8bn |
| Bristol-Myers Squibb (BMY) | 2 | 1 | $1.3bn |
| American Airlines Group (AAL) | 2 | 1 | $1.2bn |
| HCA Healthcare (HCA) | 2 | 0 | $603m |
| Medtronic (MDT) | 2 | 0 | $403m |
| Amazon.com (AMZN) | 2 | 1 | $345m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Berkshire Hathaway (BRK.B) | 8 | 0 | $354m |
| Union Pacific (UNP) | 7 | 0 | $142m |
| Wal-Mart Stores (WMT) | 6 | 1 | $1.1bn |
| Charles Schwab (SCHW) | 6 | 0 | $729m |
| Comcast (CMCSA) | 6 | 1 | $353m |
| JPMorgan Chase (JPM) | 5 | 0 | $611m |
| Goldman Sachs Group (GS) | 5 | 1 | $483m |
| Apple (AAPL) | 5 | 0 | $446m |
| Alphabet (GOOG) | 5 | 0 | $261m |
| Wells Fargo & Company (WFC) | 5 | 0 | $192m |
| General Electric (GE) | 5 | 0 | $184m |
| Mastercard (MA) | 5 | 0 | $133m |
| Liberty Interactive | 5 | 0 | $78.2m |
| Johnson & Johnson (JNJ) | 5 | 0 | $70.1m |
| International Business Machines (IBM) | 5 | 0 | $21.2m |
| Exxon Mobil (EXMOC) | 5 | 0 | $931k |
| Bank of America (BAC) | 4 | 1 | $1.1bn |
| BNY (BK) | 4 | 0 | $373m |
| Microsoft (MSFT) | 4 | 0 | $304m |
| Schlumberger (SLB) | 4 | 0 | $272m |
| Paypal Holdings (PYPL) | 4 | 1 | $248m |
| Du Pont EI de Nemours & Co | 4 | 0 | $211m |
| Charter Communications (CHTR) | 4 | 0 | $197m |
| Booking Holdings (BKNG) | 4 | 0 | $161m |
| US Bancorp (USB) | 4 | 1 | $136m |
| American Express (AXP) | 4 | 0 | $87.7m |
| Visa (V) | 4 | 0 | $32.9m |
| 3M Company (MMM) | 4 | 0 | $26.3m |
| Walt Disney (DIS) | 4 | 0 | $16.8m |
| Baker Hughes | 3 | 0 | $542m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 15 | $10bn | 15.4% |
| Visa (V) | 15 | $3.9bn | 7.7% |
| Wells Fargo & Company (WFC) | 12 | $35bn | 60.0% |
| Berkshire Hathaway (BRK.B) | 12 | $6.6bn | 37.8% |
| Mastercard (MA) | 11 | $4.4bn | 8.9% |
| US Bancorp (USB) | 10 | $5.3bn | 4.9% |
| Johnson & Johnson (JNJ) | 10 | $885m | 8.6% |
| American Express (AXP) | 9 | $16bn | 7.6% |
| Microsoft (MSFT) | 9 | $7.8bn | 19.7% |
| Apple (AAPL) | 8 | $7.6bn | 10.0% |
| Comcast (CMCSA) | 8 | $7.3bn | 26.0% |
| JPMorgan Chase (JPM) | 8 | $5.6bn | 10.5% |
| Charles Schwab (SCHW) | 8 | $4.8bn | 15.4% |
| General Electric (GE) | 8 | $3.7bn | 19.2% |
| Moody's (MCO) | 8 | $2.9bn | 30.2% |
| Baidu (BIDU) | 8 | $2.6bn | 97.2% |
| Union Pacific (UNP) | 8 | $2.6bn | 4.4% |
| Pepsico (PEP) | 8 | $776m | 8.5% |
| Walt Disney (DIS) | 8 | $431m | 10.2% |
| International Business Machines (IBM) | 7 | $14bn | 19.4% |
| BNY (BK) | 7 | $7.7bn | 13.8% |
| Goldman Sachs Group (GS) | 7 | $6.8bn | 3.0% |
| American International Group (AIG) | 7 | $5.3bn | 13.3% |
| Liberty Global (LBTYA) | 7 | $3.8bn | 13.3% |
| Carmax (KMX) | 7 | $2.3bn | 9.3% |
| Philip Morris International (PM) | 7 | $1.8bn | 8.0% |
| Liberty Media (FWONA) | 7 | $1.5bn | 2.7% |
| Kraft Heinz (KHC) | 6 | $29bn | 19.2% |
| Charter Communications (CHTR) | 6 | $9.9bn | 38.4% |
| Bank of America (BAC) | 6 | $6.5bn | 34.8% |
| Schlumberger (SLB) | 6 | $4.7bn | 6.5% |
| Mondelez International (MDLZ) | 6 | $3.5bn | 25.8% |
| Booking Holdings (BKNG) | 6 | $2.1bn | 6.6% |
| Monsanto | 6 | $1.8bn | 2.8% |
| Automatic Data Processing (ADP) | 6 | $1.6bn | 6.5% |
| 3M Company (MMM) | 6 | $1.3bn | 4.6% |
| Meta Platforms (META) | 6 | $1.2bn | 6.3% |
| Costco Wholesale (COST) | 6 | $1.1bn | 2.4% |
| Liberty Interactive | 6 | $1.0bn | 1.0% |
| Exxon Mobil (EXMOC) | 6 | $126m | 7.1% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2016-q4). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.