# What value investors bought and sold in Q4 2019 | moatshark

In Q4 2019, 34 value investors filed 13Fs. The most popular buy was Baidu, added to by 5 managers, followed by Alphabet and UnitedHealth Group.

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Baidu (BIDU) | 5 | 0 | $297m |
| Alphabet (GOOG) | 5 | 0 | $195m |
| UnitedHealth Group (UNH) | 4 | 2 | $470m |
| Charles Schwab (SCHW) | 4 | 0 | $271m |
| Berkshire Hathaway (BRK.B) | 4 | 1 | $257m |
| Visa (V) | 4 | 0 | $79.9m |
| Meta Platforms (META) | 4 | 0 | $44.1m |
| Moody's (MCO) | 4 | 0 | $24.4m |
| Truist Financial (TFC) | 3 | 3 | $2.2bn |
| Micron Technology (MU) | 3 | 1 | $535m |
| Amazon.com (AMZN) | 3 | 0 | $290m |
| Alibaba Group Holding (BABA) | 3 | 1 | $290m |
| Trip.com Group (TCOM) | 3 | 3 | $175m |
| Booking Holdings (BKNG) | 3 | 0 | $170m |
| Progressive (PGR) | 3 | 1 | $142m |
| Check Point Software Technologies (CHKP) | 3 | 1 | $97.1m |
| Adobe (ADBE) | 3 | 1 | $59.5m |
| Mastercard (MA) | 3 | 0 | $50.5m |
| Starbucks (SBUX) | 3 | 0 | $25.2m |
| Walt Disney (DIS) | 3 | 0 | $21.0m |
| Southwest Airlines (LUV) | 3 | 0 | $13.5m |
| Equifax (EFX) | 3 | 0 | $8.7m |
| JPMorgan Chase (JPM) | 3 | 0 | $1.2m |
| Liberty Global (LBTYA) | 2 | 0 | $444m |
| FedEx (FDX) | 2 | 1 | $428m |
| HP (HPQ) | 2 | 1 | $216m |
| Taiwan Semiconductor Manufacturing (TSM) | 2 | 1 | $182m |
| Ebay (EBAY) | 2 | 0 | $161m |
| Suncor Energy (SU) | 2 | 0 | $140m |
| General Motors (GM) | 2 | 0 | $103m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 13 | 0 | $839m |
| Berkshire Hathaway (BRK.B) | 9 | 0 | $132m |
| Wells Fargo & Company (WFC) | 8 | 0 | $2.9bn |
| Apple (AAPL) | 7 | 1 | $1.1bn |
| Bank of America (BAC) | 7 | 1 | $241m |
| Meta Platforms (META) | 7 | 0 | $229m |
| American Express (AXP) | 6 | 0 | $122m |
| Goldman Sachs Group (GS) | 5 | 0 | $1.4bn |
| Microsoft (MSFT) | 5 | 0 | $332m |
| Mastercard (MA) | 5 | 0 | $212m |
| BNY (BK) | 5 | 0 | $151m |
| Charles Schwab (SCHW) | 5 | 1 | $89.0m |
| Visa (V) | 5 | 0 | $75.2m |
| Comcast (CMCSA) | 5 | 0 | $72.5m |
| US Bancorp (USB) | 5 | 0 | $20.3m |
| Oracle (ORCL) | 4 | 0 | $874m |
| Procter & Gamble (PG) | 4 | 0 | $557m |
| General Electric (GE) | 4 | 0 | $212m |
| Pg&E (PCG) | 4 | 2 | $85.8m |
| Alibaba Group Holding (BABA) | 4 | 1 | $81.3m |
| Booking Holdings (BKNG) | 4 | 0 | $64.4m |
| Diageo (DEO) | 4 | 0 | $61.1m |
| Union Pacific (UNP) | 4 | 0 | $14.7m |
| BB&T (BBT) | 3 | 3 | $2.0bn |
| JPMorgan Chase (JPM) | 3 | 0 | $912m |
| Johnson Controls International (JCI) | 3 | 0 | $420m |
| Citigroup (C) | 3 | 1 | $316m |
| Capital One Financial (COF) | 3 | 0 | $281m |
| Qorvo (QRVO) | 3 | 0 | $219m |
| Carmax (KMX) | 3 | 0 | $170m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 18 | $22bn | 22.1% |
| Berkshire Hathaway (BRK.B) | 16 | $7.8bn | 38.2% |
| Visa (V) | 14 | $7.6bn | 17.6% |
| Wells Fargo & Company (WFC) | 12 | $25bn | 48.8% |
| Meta Platforms (META) | 12 | $6.5bn | 14.6% |
| Bank of America (BAC) | 9 | $40bn | 46.2% |
| American Express (AXP) | 9 | $22bn | 7.8% |
| JPMorgan Chase (JPM) | 9 | $12bn | 13.6% |
| Microsoft (MSFT) | 9 | $11bn | 9.7% |
| Moody's (MCO) | 9 | $9.7bn | 20.8% |
| US Bancorp (USB) | 9 | $9.1bn | 4.7% |
| Mastercard (MA) | 9 | $8.1bn | 14.6% |
| Amazon.com (AMZN) | 9 | $3.5bn | 16.0% |
| Apple (AAPL) | 8 | $74bn | 48.5% |
| BNY (BK) | 8 | $9.3bn | 7.2% |
| Comcast (CMCSA) | 8 | $6.8bn | 4.6% |
| Charles Schwab (SCHW) | 8 | $6.2bn | 5.0% |
| Booking Holdings (BKNG) | 8 | $5.7bn | 6.8% |
| Union Pacific (UNP) | 8 | $1.5bn | 4.0% |
| UnitedHealth Group (UNH) | 7 | $3.1bn | 2.5% |
| General Electric (GE) | 7 | $1.9bn | 8.1% |
| Carmax (KMX) | 7 | $1.8bn | 9.3% |
| Johnson & Johnson (JNJ) | 7 | $1.3bn | 10.4% |
| Goldman Sachs Group (GS) | 6 | $5.9bn | 2.0% |
| Liberty Global (LBTYA) | 6 | $4.4bn | 14.5% |
| Procter & Gamble (PG) | 6 | $4.3bn | 42.3% |
| Philip Morris International (PM) | 6 | $3.6bn | 6.8% |
| Alibaba Group Holding (BABA) | 6 | $2.1bn | 12.8% |
| KKR & Co. (KKR) | 6 | $1.8bn | 13.5% |
| Starbucks (SBUX) | 6 | $1.2bn | 7.3% |
| Walt Disney (DIS) | 6 | $1.2bn | 12.8% |
| S&P Global (SPGI) | 6 | $957m | 22.4% |
| Coca-Cola (KO) | 5 | $22bn | 9.2% |
| FedEx (FDX) | 5 | $4.6bn | 6.1% |
| United Technologies (UTXZ) | 5 | $4.2bn | 6.0% |
| HP (HPQ) | 5 | $4.0bn | 4.9% |
| Paypal Holdings (PYPL) | 5 | $3.4bn | 13.4% |
| Liberty Media (FWONA) | 5 | $2.9bn | 6.0% |
| Baidu (BIDU) | 5 | $2.5bn | 7.4% |
| CVS Health (CVS) | 5 | $2.4bn | 1.4% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2019-q4). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.