# What value investors bought and sold in Q2 2023 | moatshark

In Q2 2023, 34 value investors filed 13Fs. The most popular buy was Walt Disney, added to by 6 managers, followed by Capital One Financial and Microsoft.

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Walt Disney (DIS) | 6 | 0 | $46.6m |
| Capital One Financial (COF) | 5 | 0 | $827m |
| Microsoft (MSFT) | 5 | 1 | $336m |
| Markel (MKL) | 5 | 1 | $58.5m |
| Amazon.com (AMZN) | 4 | 2 | $279m |
| Meta Platforms (META) | 4 | 0 | $241m |
| Alphabet (GOOG) | 4 | 0 | $191m |
| JPMorgan Chase (JPM) | 4 | 0 | $46.5m |
| Visa (V) | 4 | 0 | $45.5m |
| Ishares Core S&P Small-Cap E (IWF) | 4 | 3 | $43.4m |
| Paypal Holdings (PYPL) | 3 | 0 | $654m |
| Alibaba Group Holding (BABA) | 3 | 0 | $561m |
| Truist Financial (TFC) | 3 | 0 | $448m |
| Charles Schwab (SCHW) | 3 | 0 | $419m |
| Elevance Health (ELV) | 3 | 0 | $217m |
| Moody's (MCO) | 3 | 0 | $202m |
| JD.com (JD) | 3 | 2 | $167m |
| KKR & Co. (KKR) | 3 | 0 | $145m |
| Fidelity National Information Services (FIS) | 3 | 0 | $133m |
| S&P Global (SPGI) | 3 | 1 | $106m |
| Apple (AAPL) | 3 | 1 | $95.0m |
| Dollar General (DG) | 3 | 1 | $90.9m |
| Bank of America (BAC) | 3 | 0 | $89.4m |
| Sealed Air (SEE) | 3 | 2 | $80.9m |
| FedEx (FDX) | 3 | 0 | $79.6m |
| NVR (NVR) | 3 | 1 | $75.3m |
| Wells Fargo & Company (WFC) | 3 | 1 | $74.5m |
| Lithia Motors (LAD) | 3 | 0 | $67.5m |
| Analog Devices (ADI) | 3 | 0 | $32.5m |
| Coherent (COHR) | 3 | 0 | $31.1m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 17 | 0 | $3.0bn |
| Microsoft (MSFT) | 11 | 0 | $1.9bn |
| Amazon.com (AMZN) | 8 | 1 | $1.7bn |
| Meta Platforms (META) | 8 | 1 | $981m |
| Berkshire Hathaway (BRK.B) | 8 | 0 | $352m |
| Chevron (CVX) | 7 | 2 | $1.6bn |
| American Express (AXP) | 7 | 1 | $14.4m |
| Adobe (ADBE) | 6 | 2 | $631m |
| Visa (V) | 6 | 0 | $473m |
| Apple (AAPL) | 6 | 0 | $440m |
| UnitedHealth Group (UNH) | 6 | 0 | $48.3m |
| Salesforce (CRM) | 5 | 2 | $1.1bn |
| Charles Schwab (SCHW) | 5 | 1 | $30.1m |
| General Electric (GE) | 4 | 0 | $1.0bn |
| Oracle (ORCL) | 4 | 0 | $841m |
| HCA Healthcare (HCA) | 4 | 1 | $564m |
| Fiserv (FISV) | 4 | 1 | $352m |
| Unilever (UL) | 4 | 0 | $86.5m |
| Philip Morris International (PM) | 4 | 0 | $81.2m |
| Comcast (CMCSA) | 4 | 0 | $55.2m |
| Pepsico (PEP) | 4 | 0 | $42.7m |
| Walt Disney (DIS) | 4 | 1 | $32.0m |
| Nike (NKE) | 4 | 1 | $17.1m |
| US Bancorp (USB) | 4 | 0 | $8.2m |
| Taiwan Semiconductor Manufacturing (TSM) | 4 | 0 | $8.2m |
| Procter & Gamble (PG) | 4 | 1 | $6.6m |
| Booking Holdings (BKNG) | 3 | 0 | $811m |
| Micron Technology (MU) | 3 | 2 | $789m |
| Netflix (NFLX) | 3 | 0 | $711m |
| Mastercard (MA) | 3 | 0 | $226m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 23 | $24bn | 37.5% |
| Microsoft (MSFT) | 16 | $15bn | 12.9% |
| Berkshire Hathaway (BRK.B) | 15 | $8.3bn | 34.7% |
| Visa (V) | 14 | $12bn | 12.6% |
| Apple (AAPL) | 12 | $190bn | 79.6% |
| Amazon.com (AMZN) | 12 | $13bn | 26.1% |
| Meta Platforms (META) | 11 | $7.5bn | 10.0% |
| Bank of America (BAC) | 10 | $33bn | 40.4% |
| American Express (AXP) | 10 | $28bn | 7.6% |
| Walt Disney (DIS) | 10 | $1.6bn | 14.8% |
| Moody's (MCO) | 9 | $15bn | 15.3% |
| Wells Fargo & Company (WFC) | 9 | $7.6bn | 41.5% |
| Mastercard (MA) | 9 | $7.5bn | 19.9% |
| UnitedHealth Group (UNH) | 9 | $3.7bn | 8.6% |
| S&P Global (SPGI) | 8 | $4.5bn | 22.5% |
| Alibaba Group Holding (BABA) | 8 | $2.0bn | 15.3% |
| Pepsico (PEP) | 8 | $1.9bn | 11.2% |
| Johnson & Johnson (JNJ) | 8 | $419m | 10.5% |
| Charles Schwab (SCHW) | 7 | $6.4bn | 8.0% |
| Comcast (CMCSA) | 7 | $5.5bn | 3.5% |
| Liberty Media (FWONA) | 7 | $4.1bn | 13.4% |
| JPMorgan Chase (JPM) | 7 | $1.3bn | 6.5% |
| Capital One Financial (COF) | 6 | $8.9bn | 7.5% |
| General Electric (GE) | 6 | $7.8bn | 13.6% |
| BNY (BK) | 6 | $4.3bn | 3.6% |
| Philip Morris International (PM) | 6 | $3.1bn | 6.5% |
| Taiwan Semiconductor Manufacturing (TSM) | 6 | $1.6bn | 6.9% |
| Truist Financial (TFC) | 6 | $1.3bn | 1.3% |
| Markel (MKL) | 6 | $1.2bn | 12.2% |
| Liberty Broadband (8L8C) | 6 | $965m | 5.2% |
| US Bancorp (USB) | 6 | $828m | 3.1% |
| Union Pacific (UNP) | 6 | $269m | 0.6% |
| Ishares Core S&P Small-Cap E (IWF) | 6 | $79.9m | 0.8% |
| Coca-Cola (KO) | 5 | $24bn | 6.9% |
| Occidental Petroleum (OXY) | 5 | $20bn | 18.8% |
| Chevron (CVX) | 5 | $19bn | 5.6% |
| Fiserv (FISV) | 5 | $8.0bn | 22.9% |
| FedEx (FDX) | 5 | $4.1bn | 5.8% |
| KKR & Co. (KKR) | 5 | $3.7bn | 17.9% |
| Oracle (ORCL) | 5 | $3.7bn | 5.7% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2023-q2). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.