# What value investors bought and sold in Q3 2023 | moatshark

In Q3 2023, 34 value investors filed 13Fs. The most popular buy was Walt Disney, added to by 6 managers (1 buying for the first time), followed by Truist…

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Walt Disney (DIS) | 6 | 1 | $2.5bn |
| Truist Financial (TFC) | 5 | 0 | $660m |
| Alphabet (GOOG) | 5 | 0 | $350m |
| Apple (AAPL) | 5 | 0 | $67.3m |
| Markel (MKL) | 4 | 0 | $13.5m |
| Novo-Nordisk (NVO) | 3 | 1 | $817m |
| Bank of America (BAC) | 3 | 1 | $672m |
| Liberty Media (FWONA) | 3 | 0 | $593m |
| Fidelity National Information Services (FIS) | 3 | 0 | $517m |
| Willis Towers Watson (WTW) | 3 | 0 | $371m |
| Meta Platforms (META) | 3 | 0 | $137m |
| Microsoft (MSFT) | 3 | 0 | $127m |
| Dollar General (DG) | 3 | 0 | $108m |
| KE Holdings (BEKE) | 3 | 2 | $91.7m |
| Sealed Air (SEE) | 3 | 0 | $76.6m |
| Atlanta Braves Holdings (BATRK) | 3 | 3 | $51.1m |
| Ishares Core S&P Small-Cap E (IWF) | 3 | 1 | $47.8m |
| Ferguson (FERG1GBX) | 3 | 3 | $22.0m |
| IQVIA Holdings (IQV) | 2 | 0 | $1.2bn |
| CVS Health (CVS) | 2 | 0 | $950m |
| Baxter International (BAX) | 2 | 1 | $570m |
| Anheuser-Busch InBev (BUD) | 2 | 0 | $363m |
| Wendy’s (WEN) | 2 | 0 | $301m |
| Avantor (AVTR) | 2 | 1 | $280m |
| Corteva (CTVA) | 2 | 1 | $246m |
| General Electric (GE) | 2 | 1 | $215m |
| Danaher (DHR) | 2 | 1 | $189m |
| CRH (CRH) | 2 | 2 | $183m |
| Elevance Health (ELV) | 2 | 0 | $178m |
| Extra Space Storage (EXR) | 2 | 1 | $167m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 13 | 0 | $1.5bn |
| Microsoft (MSFT) | 10 | 1 | $4.4bn |
| Berkshire Hathaway (BRK.B) | 10 | 1 | $463m |
| Visa (V) | 9 | 0 | $457m |
| Amazon.com (AMZN) | 7 | 2 | $1.6bn |
| Meta Platforms (META) | 7 | 0 | $662m |
| Wells Fargo & Company (WFC) | 6 | 0 | $116m |
| UnitedHealth Group (UNH) | 6 | 0 | $84.4m |
| Pepsico (PEP) | 6 | 1 | $17.4m |
| S&P Global (SPGI) | 5 | 1 | $113m |
| Comcast (CMCSA) | 5 | 0 | $79.7m |
| Johnson & Johnson (JNJ) | 5 | 2 | $66.7m |
| Procter & Gamble (PG) | 5 | 1 | $51.1m |
| Charles Schwab (SCHW) | 5 | 0 | $36.1m |
| Walt Disney (DIS) | 5 | 1 | $18.3m |
| American Express (AXP) | 5 | 0 | $17.0m |
| US Bancorp (USB) | 5 | 1 | $11.3m |
| Fiserv (FISV) | 4 | 0 | $689m |
| Adobe (ADBE) | 4 | 2 | $684m |
| Booking Holdings (BKNG) | 4 | 0 | $487m |
| Moody's (MCO) | 4 | 0 | $204m |
| Union Pacific (UNP) | 4 | 1 | $182m |
| Netflix (NFLX) | 4 | 0 | $157m |
| Apple (AAPL) | 4 | 1 | $122m |
| Alibaba Group Holding (BABA) | 4 | 0 | $112m |
| Taiwan Semiconductor Manufacturing (TSM) | 4 | 0 | $106m |
| Mastercard (MA) | 4 | 0 | $96.2m |
| Baidu (BIDU) | 4 | 0 | $84.1m |
| Philip Morris International (PM) | 4 | 0 | $82.3m |
| Liberty Global (LBTYA) | 4 | 0 | $52.7m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 23 | $24bn | 40.3% |
| Microsoft (MSFT) | 15 | $10bn | 12.4% |
| Visa (V) | 14 | $11bn | 14.0% |
| Berkshire Hathaway (BRK.B) | 14 | $8.0bn | 35.9% |
| Apple (AAPL) | 11 | $168bn | 78.7% |
| Bank of America (BAC) | 11 | $32bn | 39.7% |
| Meta Platforms (META) | 11 | $7.3bn | 11.6% |
| American Express (AXP) | 10 | $24bn | 7.2% |
| Amazon.com (AMZN) | 10 | $11bn | 25.0% |
| Walt Disney (DIS) | 10 | $3.9bn | 40.5% |
| UnitedHealth Group (UNH) | 10 | $3.8bn | 9.2% |
| Moody's (MCO) | 9 | $14bn | 14.0% |
| Mastercard (MA) | 9 | $7.5bn | 20.1% |
| Wells Fargo & Company (WFC) | 9 | $7.2bn | 41.0% |
| Alibaba Group Holding (BABA) | 8 | $2.0bn | 16.4% |
| General Electric (GE) | 7 | $7.7bn | 16.7% |
| Charles Schwab (SCHW) | 7 | $6.1bn | 7.9% |
| Comcast (CMCSA) | 7 | $5.7bn | 3.7% |
| S&P Global (SPGI) | 7 | $4.0bn | 20.6% |
| Pepsico (PEP) | 7 | $1.7bn | 11.3% |
| Taiwan Semiconductor Manufacturing (TSM) | 7 | $1.3bn | 6.0% |
| JPMorgan Chase (JPM) | 7 | $1.2bn | 6.0% |
| Capital One Financial (COF) | 6 | $7.3bn | 6.8% |
| BNY (BK) | 6 | $4.2bn | 3.5% |
| Liberty Media (FWONA) | 6 | $3.9bn | 13.6% |
| Philip Morris International (PM) | 6 | $2.8bn | 6.3% |
| Truist Financial (TFC) | 6 | $1.9bn | 1.2% |
| Liberty Broadband (8L8C) | 6 | $1.1bn | 6.0% |
| Ferguson (FERG1GBX) | 6 | $1.0bn | 13.6% |
| Markel (MKL) | 6 | $807m | 17.1% |
| Johnson & Johnson (JNJ) | 6 | $331m | 9.5% |
| Coca-Cola (KO) | 5 | $22bn | 7.1% |
| Chevron (CVX) | 5 | $19bn | 5.9% |
| Fiserv (FISV) | 5 | $6.6bn | 19.1% |
| FedEx (FDX) | 5 | $4.2bn | 5.9% |
| KKR & Co. (KKR) | 5 | $3.5bn | 15.8% |
| Thermo Fisher Scientific (TMO) | 5 | $2.9bn | 5.9% |
| Oracle (ORCL) | 5 | $2.9bn | 5.1% |
| CVS Health (CVS) | 5 | $2.2bn | 1.3% |
| Paypal Holdings (PYPL) | 5 | $1.6bn | 6.2% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2023-q3). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.