# What value investors bought and sold in Q4 2023 | moatshark

In Q4 2023, 34 value investors filed 13Fs. The most popular buy was Microsoft, added to by 7 managers (1 buying for the first time), followed by Charles…

## Most bought

| Company | Buyers | New positions | Bought |
| --- | --- | --- | --- |
| Microsoft (MSFT) | 7 | 1 | $5.1bn |
| Liberty Global (LBTYA) | 4 | 4 | $1.5bn |
| Charles Schwab (SCHW) | 4 | 0 | $595m |
| Walt Disney (DIS) | 4 | 1 | $495m |
| Berkshire Hathaway (BRK.B) | 4 | 1 | $371m |
| Alibaba Group Holding (BABA) | 4 | 1 | $302m |
| HCA Healthcare (HCA) | 4 | 1 | $97.4m |
| Bank of America (BAC) | 4 | 0 | $71.9m |
| Visa (V) | 4 | 0 | $7.4m |
| Apple (AAPL) | 4 | 0 | $1.4m |
| Chevron (CVX) | 3 | 0 | $2.4bn |
| CVS Health (CVS) | 3 | 0 | $311m |
| Johnson Controls International (JCI) | 3 | 0 | $237m |
| FMC (FMC) | 3 | 2 | $116m |
| Analog Devices (ADI) | 3 | 0 | $72.4m |
| Automatic Data Processing (ADP) | 3 | 0 | $70.1m |
| Ishares Core S&P Small-Cap E (IWF) | 3 | 1 | $41.9m |
| HDFC Bank (HDB) | 3 | 2 | $40.1m |
| Spdr S&P 500 Etf Trust (SPY) | 3 | 2 | $21.9m |
| Occidental Petroleum (OXY) | 2 | 1 | $1.2bn |
| Baxter International (BAX) | 2 | 0 | $739m |
| CNH Industrial (CNH) | 2 | 0 | $483m |
| Norfolk Southern (NSC) | 2 | 1 | $439m |
| IQVIA Holdings (IQV) | 2 | 0 | $428m |
| Paycom Software (PAYC) | 2 | 2 | $321m |
| Medtronic (MDT) | 2 | 0 | $289m |
| Newmont (NEM) | 2 | 0 | $229m |
| Estée Lauder (EL) | 2 | 0 | $206m |
| Corteva (CTVA) | 2 | 0 | $201m |
| Uber Technologies (UBER) | 2 | 1 | $191m |

## Most sold

| Company | Sellers | Sold out | Sold |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 17 | 0 | $1.4bn |
| Microsoft (MSFT) | 8 | 0 | $691m |
| Meta Platforms (META) | 8 | 0 | $444m |
| UnitedHealth Group (UNH) | 8 | 0 | $90.8m |
| Berkshire Hathaway (BRK.B) | 7 | 0 | $186m |
| Walt Disney (DIS) | 7 | 0 | $52.1m |
| Amazon.com (AMZN) | 6 | 1 | $587m |
| Visa (V) | 6 | 0 | $432m |
| Wells Fargo & Company (WFC) | 6 | 0 | $108m |
| Apple (AAPL) | 5 | 0 | $1.9bn |
| Liberty Global (LBTYA) | 5 | 5 | $1.5bn |
| Mastercard (MA) | 5 | 0 | $407m |
| Markel (MKL) | 5 | 2 | $257m |
| Liberty Media (FWONA) | 5 | 2 | $73.1m |
| BNY (BK) | 5 | 0 | $42.6m |
| American Express (AXP) | 5 | 0 | $7.8m |
| Netflix (NFLX) | 4 | 0 | $913m |
| KKR & Co. (KKR) | 4 | 0 | $733m |
| Capital One Financial (COF) | 4 | 0 | $381m |
| Oracle (ORCL) | 4 | 0 | $303m |
| Ferguson (FERG1GBX) | 4 | 0 | $222m |
| Fair Isaac (FICO) | 4 | 1 | $191m |
| Moody's (MCO) | 4 | 1 | $130m |
| Intel (INTC) | 4 | 1 | $92.9m |
| Liberty Broadband (8L8C) | 4 | 1 | $92.9m |
| Booking Holdings (BKNG) | 4 | 0 | $90.1m |
| Comcast (CMCSA) | 4 | 0 | $65.8m |
| Taiwan Semiconductor Manufacturing (TSM) | 4 | 0 | $56.2m |
| JPMorgan Chase (JPM) | 4 | 0 | $33.6m |
| Philip Morris International (PM) | 4 | 0 | $20.6m |

## Most widely held

| Company | Managers | Value held | Largest weight |
| --- | --- | --- | --- |
| Alphabet (GOOG) | 23 | $25bn | 38.1% |
| Microsoft (MSFT) | 16 | $16bn | 12.5% |
| Berkshire Hathaway (BRK.B) | 15 | $8.0bn | 31.6% |
| Visa (V) | 14 | $12bn | 12.2% |
| Apple (AAPL) | 11 | $187bn | 79.5% |
| Bank of America (BAC) | 11 | $40bn | 41.8% |
| Meta Platforms (META) | 11 | $8.1bn | 11.3% |
| Walt Disney (DIS) | 11 | $4.8bn | 41.7% |
| American Express (AXP) | 10 | $30bn | 8.1% |
| UnitedHealth Group (UNH) | 10 | $3.9bn | 9.0% |
| Amazon.com (AMZN) | 9 | $13bn | 22.8% |
| Wells Fargo & Company (WFC) | 9 | $8.6bn | 42.3% |
| Mastercard (MA) | 9 | $7.6bn | 18.2% |
| Alibaba Group Holding (BABA) | 9 | $2.1bn | 12.6% |
| Moody's (MCO) | 8 | $17bn | 15.7% |
| S&P Global (SPGI) | 8 | $4.8bn | 20.7% |
| Taiwan Semiconductor Manufacturing (TSM) | 8 | $1.5bn | 6.9% |
| Charles Schwab (SCHW) | 7 | $8.3bn | 9.3% |
| Comcast (CMCSA) | 7 | $5.7bn | 3.3% |
| Pepsico (PEP) | 7 | $1.7bn | 10.7% |
| JPMorgan Chase (JPM) | 7 | $1.4bn | 6.7% |
| Capital One Financial (COF) | 6 | $9.3bn | 8.1% |
| General Electric (GE) | 6 | $8.3bn | 14.8% |
| BNY (BK) | 6 | $5.0bn | 3.7% |
| Philip Morris International (PM) | 6 | $2.8bn | 5.9% |
| Oracle (ORCL) | 6 | $2.7bn | 4.7% |
| Truist Financial (TFC) | 6 | $2.4bn | 1.4% |
| Nike (NKE) | 6 | $1.6bn | 3.0% |
| Ferguson (FERG1GBX) | 6 | $957m | 11.6% |
| Johnson & Johnson (JNJ) | 6 | $333m | 8.7% |
| Diageo (DEO) | 6 | $260m | 2.1% |
| Coca-Cola (KO) | 5 | $24bn | 6.7% |
| Occidental Petroleum (OXY) | 5 | $21bn | 24.5% |
| Chevron (CVX) | 5 | $19bn | 5.3% |
| Fiserv (FISV) | 5 | $7.3bn | 11.1% |
| FedEx (FDX) | 5 | $3.8bn | 4.7% |
| KKR & Co. (KKR) | 5 | $3.7bn | 11.6% |
| Thermo Fisher Scientific (TMO) | 5 | $2.9bn | 4.6% |
| CVS Health (CVS) | 5 | $2.8bn | 1.5% |
| HCA Healthcare (HCA) | 5 | $1.9bn | 2.9% |

Source: SEC filings, via moatshark (https://www.moatshark.com/q/2023-q4). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.