# What value investors bought and sold in Q4 2017 | moatshark

In Q4 2017, 32 value investors filed 13Fs. The most popular buy was Alphabet, added to by 8 managers (1 buying for the first time), followed by Apple and…

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 8 | 1 | $2.4bn |
| Apple (AAPL) | 4 | 1 | $5.8bn |
| Microsoft (MSFT) | 4 | 1 | $704m |
| Twenty First Centy Fox | 4 | 1 | $554m |
| Nike (NKE) | 4 | 2 | $375m |
| Grupo Televisa (TV) | 4 | 2 | $310m |
| Comcast (CMCSA) | 3 | 1 | $1.0bn |
| Allergan (ACT) | 3 | 1 | $885m |
| Liberty Global (LBTYA) | 3 | 0 | $882m |
| Johnson Controls International (JCI) | 3 | 1 | $833m |
| Mattel (MAT) | 3 | 2 | $819m |
| Time Warner (TWX) | 3 | 1 | $779m |
| BNY (BK) | 3 | 1 | $667m |
| Alibaba Group Holding (BABA) | 3 | 0 | $639m |
| Medtronic (MDT) | 3 | 1 | $568m |
| Ishares Core S&P Small-Cap E (IWF) | 3 | 1 | $456m |
| Amazon.com (AMZN) | 3 | 1 | $444m |
| Booking Holdings (BKNG) | 3 | 0 | $433m |
| Meta Platforms (META) | 3 | 0 | $413m |
| Bank of America (BAC) | 3 | 0 | $325m |
| General Electric (GE) | 3 | 2 | $198m |
| Adient (ADNT) | 3 | 0 | $195m |
| MGM Resorts International (MGM) | 3 | 2 | $141m |
| US Bancorp (USB) | 3 | 1 | $115m |
| Visa (V) | 3 | 0 | $70.6m |
| Wells Fargo & Company (WFC) | 3 | 0 | $62.7m |
| Automatic Data Processing (ADP) | 3 | 0 | $36.2m |
| Berkshire Hathaway (BRK.B) | 3 | 0 | $36.0m |
| Dollar General (DG) | 3 | 0 | $24.9m |
| Merck & Co. (MRK) | 3 | 1 | $19.2m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 8 | 0 | $497m |
| Visa (V) | 8 | 0 | $424m |
| Wells Fargo & Company (WFC) | 7 | 0 | $374m |
| Berkshire Hathaway (BRK.B) | 7 | 0 | $163m |
| Exxon Mobil (EXMOC) | 6 | 2 | $47.7m |
| International Business Machines (IBM) | 5 | 1 | $5.1bn |
| Carmax (KMX) | 5 | 0 | $577m |
| Baidu (BIDU) | 5 | 1 | $537m |
| Microsoft (MSFT) | 5 | 0 | $405m |
| BNY (BK) | 5 | 0 | $376m |
| American Express (AXP) | 5 | 0 | $335m |
| Mastercard (MA) | 5 | 0 | $251m |
| Union Pacific (UNP) | 5 | 0 | $17.0m |
| US Bancorp (USB) | 5 | 0 | $12.3m |
| Comcast (CMCSA) | 4 | 0 | $858m |
| JPMorgan Chase (JPM) | 4 | 0 | $761m |
| UnitedHealth Group (UNH) | 4 | 0 | $360m |
| Paypal Holdings (PYPL) | 4 | 0 | $245m |
| Phillips 66 (PSX) | 4 | 1 | $122m |
| Charles Schwab (SCHW) | 4 | 0 | $118m |
| Express Scripts Holding | 4 | 1 | $34.6m |
| 3M Company (MMM) | 4 | 0 | $30.0m |
| TJX Companies (TJX) | 4 | 1 | $22.9m |
| Johnson & Johnson (JNJ) | 4 | 0 | $11.3m |
| Diageo (DEO) | 4 | 0 | $8.7m |
| DowDuPont | 3 | 1 | $871m |
| Goldman Sachs Group (GS) | 3 | 0 | $559m |
| General Motors (GM) | 3 | 1 | $466m |
| TE Connectivity (TEL) | 3 | 0 | $320m |
| FedEx (FDX) | 3 | 0 | $282m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 17 | $17bn | 15.0% |
| Visa (V) | 15 | $5.1bn | 7.7% |
| Wells Fargo & Company (WFC) | 12 | $37bn | 55.9% |
| Berkshire Hathaway (BRK.B) | 12 | $6.9bn | 45.7% |
| Mastercard (MA) | 11 | $6.0bn | 11.2% |
| US Bancorp (USB) | 11 | $5.5bn | 4.3% |
| Microsoft (MSFT) | 10 | $8.8bn | 8.1% |
| Johnson & Johnson (JNJ) | 10 | $1.1bn | 8.6% |
| Apple (AAPL) | 9 | $30bn | 14.6% |
| American Express (AXP) | 9 | $20bn | 7.9% |
| Comcast (CMCSA) | 9 | $8.9bn | 17.6% |
| Moody's (MCO) | 9 | $5.4bn | 27.4% |
| Union Pacific (UNP) | 9 | $2.9bn | 4.9% |
| General Electric (GE) | 9 | $2.8bn | 10.5% |
| Bank of America (BAC) | 8 | $28bn | 39.3% |
| BNY (BK) | 8 | $9.5bn | 7.2% |
| JPMorgan Chase (JPM) | 8 | $4.7bn | 8.3% |
| Baidu (BIDU) | 8 | $2.6bn | 19.0% |
| Liberty Global (LBTYA) | 7 | $6.5bn | 10.5% |
| Goldman Sachs Group (GS) | 7 | $6.3bn | 2.3% |
| Charles Schwab (SCHW) | 7 | $5.4bn | 13.8% |
| Automatic Data Processing (ADP) | 7 | $3.2bn | 17.6% |
| Booking Holdings (BKNG) | 7 | $3.0bn | 5.4% |
| Liberty Media (FWONA) | 7 | $2.6bn | 4.2% |
| Philip Morris International (PM) | 7 | $2.3bn | 7.4% |
| Carmax (KMX) | 7 | $1.6bn | 9.1% |
| Pepsico (PEP) | 7 | $1.1bn | 8.9% |
| Kraft Heinz (KHC) | 6 | $25bn | 13.2% |
| Novartis (NVS) | 6 | $3.8bn | 2.9% |
| Mondelez International (MDLZ) | 6 | $3.8bn | 27.2% |
| Procter & Gamble (PG) | 6 | $3.5bn | 29.5% |
| Express Scripts Holding | 6 | $3.2bn | 2.0% |
| Amazon.com (AMZN) | 6 | $2.8bn | 7.5% |
| Meta Platforms (META) | 6 | $2.7bn | 9.1% |
| 3M Company (MMM) | 6 | $1.9bn | 5.4% |
| United Technologies (UTXZ) | 6 | $1.6bn | 6.8% |
| Alibaba Group Holding (BABA) | 6 | $1.4bn | 6.9% |
| Nike (NKE) | 6 | $1.2bn | 6.2% |
| Costco Wholesale (COST) | 6 | $825m | 2.8% |
| Walt Disney (DIS) | 6 | $561m | 9.8% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2017-q4). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.