# What value investors bought and sold in Q3 2020 | moatshark

In Q3 2020, 34 value investors filed 13Fs. The most popular buy was Alphabet, added to by 6 managers, followed by Bank of America and Visa.

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 6 | 0 | $276m |
| Bank of America (BAC) | 5 | 1 | $2.2bn |
| Visa (V) | 5 | 1 | $653m |
| Meta Platforms (META) | 5 | 0 | $267m |
| Truist Financial (TFC) | 5 | 1 | $58.3m |
| Micron Technology (MU) | 4 | 1 | $455m |
| Starbucks (SBUX) | 4 | 2 | $218m |
| Berkshire Hathaway (BRK.B) | 4 | 0 | $167m |
| Nike (NKE) | 4 | 1 | $149m |
| AbbVie (ABBV) | 3 | 1 | $1.9bn |
| UnitedHealth Group (UNH) | 3 | 2 | $1.2bn |
| Wells Fargo & Company (WFC) | 3 | 0 | $977m |
| Intercontinental Exchange (ICE) | 3 | 2 | $497m |
| BXP (BXP) | 3 | 0 | $448m |
| Liberty Media (FWONA) | 3 | 0 | $323m |
| Credit Acceptance (CACC) | 3 | 1 | $77.3m |
| Salesforce (CRM) | 3 | 0 | $76.5m |
| Brookfield (BN) | 3 | 0 | $72.8m |
| Estée Lauder (EL) | 3 | 1 | $51.4m |
| Pepsico (PEP) | 3 | 1 | $42.9m |
| Charles Schwab (SCHW) | 3 | 0 | $42.5m |
| JPMorgan Chase (JPM) | 3 | 0 | $40.0m |
| Mastercard (MA) | 3 | 0 | $38.0m |
| Merck & Co. (MRK) | 2 | 1 | $1.9bn |
| Bristol-Myers Squibb (BMY) | 2 | 1 | $1.8bn |
| Pg&E (PCG) | 2 | 0 | $925m |
| Intuitive Surgical (ISRG) | 2 | 2 | $699m |
| Automatic Data Processing (ADP) | 2 | 0 | $347m |
| Aon (AON) | 2 | 2 | $341m |
| T-Mobile U.S. (TMUS) | 2 | 1 | $300m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 12 | 1 | $1.1bn |
| Meta Platforms (META) | 10 | 0 | $629m |
| Berkshire Hathaway (BRK.B) | 8 | 0 | $175m |
| Microsoft (MSFT) | 7 | 0 | $1.3bn |
| Walt Disney (DIS) | 7 | 0 | $77.0m |
| Visa (V) | 7 | 0 | $61.8m |
| Apple (AAPL) | 6 | 0 | $3.5bn |
| Amazon.com (AMZN) | 6 | 0 | $1.0bn |
| Mastercard (MA) | 6 | 1 | $364m |
| Baidu (BIDU) | 6 | 0 | $333m |
| Paypal Holdings (PYPL) | 6 | 0 | $285m |
| UnitedHealth Group (UNH) | 6 | 1 | $139m |
| Comcast (CMCSA) | 6 | 0 | $121m |
| Wells Fargo & Company (WFC) | 5 | 0 | $2.9bn |
| Alibaba Group Holding (BABA) | 5 | 2 | $364m |
| BNY (BK) | 5 | 1 | $186m |
| Taiwan Semiconductor Manufacturing (TSM) | 5 | 1 | $92.3m |
| American Express (AXP) | 5 | 0 | $37.2m |
| FedEx (FDX) | 4 | 1 | $1.5bn |
| Goldman Sachs Group (GS) | 4 | 0 | $476m |
| Charter Communications (CHTR) | 4 | 1 | $229m |
| Bank of America (BAC) | 4 | 1 | $159m |
| Ebay (EBAY) | 4 | 0 | $142m |
| Procter & Gamble (PG) | 4 | 0 | $83.7m |
| Exxon Mobil (EXMOC) | 4 | 0 | $55.5m |
| Charles Schwab (SCHW) | 4 | 0 | $44.8m |
| Adobe (ADBE) | 4 | 1 | $18.3m |
| Union Pacific (UNP) | 4 | 0 | $18.2m |
| DuPont de Nemours (DD) | 4 | 1 | $12.6m |
| JPMorgan Chase (JPM) | 3 | 0 | $2.0bn |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 21 | $22bn | 18.8% |
| Visa (V) | 17 | $11bn | 10.5% |
| Meta Platforms (META) | 16 | $10bn | 26.6% |
| Berkshire Hathaway (BRK.B) | 15 | $7.8bn | 36.5% |
| Microsoft (MSFT) | 12 | $13bn | 10.8% |
| Amazon.com (AMZN) | 12 | $3.8bn | 10.8% |
| Bank of America (BAC) | 11 | $30bn | 56.4% |
| Wells Fargo & Company (WFC) | 11 | $7.7bn | 38.1% |
| American Express (AXP) | 10 | $18bn | 6.4% |
| Mastercard (MA) | 10 | $8.8bn | 16.3% |
| Walt Disney (DIS) | 10 | $1.8bn | 11.8% |
| Moody's (MCO) | 9 | $12bn | 18.5% |
| Comcast (CMCSA) | 9 | $7.4bn | 11.9% |
| Starbucks (SBUX) | 9 | $3.0bn | 9.9% |
| Apple (AAPL) | 8 | $113bn | 51.8% |
| Charles Schwab (SCHW) | 8 | $4.7bn | 4.1% |
| UnitedHealth Group (UNH) | 8 | $4.0bn | 6.8% |
| JPMorgan Chase (JPM) | 8 | $2.6bn | 9.7% |
| Johnson & Johnson (JNJ) | 8 | $1.4bn | 10.4% |
| S&P Global (SPGI) | 8 | $1.3bn | 24.8% |
| BNY (BK) | 7 | $6.1bn | 5.0% |
| US Bancorp (USB) | 7 | $5.8bn | 5.1% |
| Paypal Holdings (PYPL) | 7 | $5.1bn | 15.9% |
| Adobe (ADBE) | 7 | $3.7bn | 7.5% |
| Liberty Global (LBTYA) | 7 | $3.4bn | 13.8% |
| Nike (NKE) | 7 | $2.2bn | 4.7% |
| Pepsico (PEP) | 7 | $2.0bn | 11.2% |
| Union Pacific (UNP) | 7 | $1.7bn | 4.3% |
| General Electric (GE) | 7 | $728m | 6.0% |
| Coca-Cola (KO) | 6 | $20bn | 8.4% |
| Booking Holdings (BKNG) | 6 | $4.0bn | 3.1% |
| Philip Morris International (PM) | 6 | $3.3bn | 6.0% |
| Oracle (ORCL) | 6 | $2.2bn | 5.3% |
| Procter & Gamble (PG) | 6 | $1.8bn | 23.3% |
| Baidu (BIDU) | 6 | $1.4bn | 6.9% |
| Alibaba Group Holding (BABA) | 5 | $2.9bn | 11.5% |
| Ebay (EBAY) | 5 | $2.8bn | 17.0% |
| Liberty Media (FWONA) | 5 | $2.7bn | 4.7% |
| Goldman Sachs Group (GS) | 5 | $2.3bn | 1.8% |
| Salesforce (CRM) | 5 | $2.3bn | 17.7% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2020-q3). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.