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Combined portfolio

As of Q4 2016, the AlphaBaseline combined portfolio aggregates $291.59B of reported 13F holdings across 74 institutional managers, covering 50 of the largest positions by holder count.

This view adds up the holdings of every focused investor we track into one book, so you can see what the group owns as a whole and which stocks they crowd into.

For Q4 2016 it covers the 50 most widely held positions, worth $291.59B in aggregate reported value.

Source
Aggregate SEC 13F data
Period
Q4 2016
Coverage
74 managers included

13F data is delayed and excludes shorts/non-13F assets. Refreshed 2026-09-14.

Most owned

These are the stocks the most tracked managers hold, showing where conviction is most crowded.

MSFT281.75%
V270.77%
GOOG261.41%
GOOGL220.73%
MA220.82%
WFC224.72%
AAPL211.21%
BAC211.29%
BRK/B211.92%
JNJ210.33%

Top by % of combined

These positions take the largest share of the combined book, showing where the group's dollars concentrate.

WFC4.72%$35.33B
KHC3.85%$28.82B
KO2.33%$17.42B
AXP2.19%$16.38B
BRK/B1.92%$14.35B
IBM1.86%$13.89B
CHTR1.81%$13.52B
MSFT1.75%$13.08B
GOOG1.41%$10.55B
BAC1.29%$9.64B

Top buys

These are the stocks the group bought most this quarter, ranked by net dollar value added.

AAPL15$3.71B
DAL01$2.56B
LUV11$1.9B
UAL11$1.76B
BMY12$1.34B
AAL11$1.17B
DOW11$940.12M
CMG11$866.52M
MON50$831.35M
PNR10$803.76M

Top sells

These are the stocks the group sold most this quarter, ranked by net dollar value removed.

DE11$-1.21B
BUD22$-1.18B
BRK/B013$-921.2M
PNR10$-921.01M
WMT19$-893.9M
HLT20$-840.66M
AMZN14$-808.98M
VZ13$-782.23M
BAC211$-780.43M
BHI14$-733.92M

Big bets

Each of these is a single position worth at least 40% of one manager's portfolio, marking their highest-conviction wagers.

Daily Journal Corp (Charlie Munger) - Daily Journal CorpWFCWells Fargo & Co59.98%$87.72M
Bill & Melinda Gates Foundation Trust - Bill & Melinda Gates Foundation TrustBRK/BBERKSHIRE HATHAWAY INC DEL59.43%$11.3B
Bruce Berkowitz - Fairholme CapitalJOEST JOE CO47.24%$464.16M
Norbert Lou - Punch Card ManagementBRK/ABERKSHIRE HATHAWAY INC DEL42.51%$91.06K
Norbert Lou - Punch Card ManagementBIDUBAIDU INC41.92%$89.8K

All positions

This table lists the 50 most widely held positions in the combined book, ranked by how many managers hold each one. Select a ticker to see exactly which managers hold it and at what size.

1MSFTMicrosoft Corp281.75%$13.08B+$1.12B
2VVISA INC270.77%$5.8B+$172.47M
3GOOGAlphabet Inc261.41%$10.55B-$452.73M
4WFCWELLS FARGO & CO NEW224.72%$35.33B+$6.99B
5MAMASTERCARD INCORPORATED220.82%$6.12B-$352.92M
6GOOGLALPHABET INC220.73%$5.45B-$143.23M
7BRK/BBERKSHIRE HATHAWAY INC DEL211.92%$14.35B+$813.69M
8BACBank of America Corp211.29%$9.64B+$2.27B
9AAPLAPPLE INC211.21%$9.07B+$3.84B
10JNJJohnson & Johnson210.33%$2.48B-$113.55M
11AXPAMERICAN EXPRESS CO192.19%$16.38B+$2.08B
12CMCSAComcast Corp191.15%$8.64B+$298.74M
13USBUS BANCORP DEL170.80%$5.97B+$690.85M
14BRK/ABerkshire Hathaway Inc Cl A170.61%$4.53B+$186.09M
15JPMJPMorgan Chase & Co161.00%$7.52B+$1.41B
16ORCLORACLE CORP160.98%$7.37B-$96.67M
17GEGeneral Electric Co.160.57%$4.29B+$43.43M
18GSGoldman Sachs Group Inc/The151.10%$8.21B+$2.21B
19METAFACEBOOK INC150.72%$5.36B-$533.69M
20DISDISNEY WALT CO150.15%$1.1B+$350.45M
21IBMINTERNATIONAL BUSINESS MACHS141.86%$13.89B+$576.09M
22SCHWCharles Schwab Corp/The140.75%$5.6B+$631.65M
23CSCOCisco Systems Inc140.51%$3.83B-$387.91M
24UNHUnitedHealth Group Inc130.54%$4.04B+$259.12M
25WMTWal-Mart Stores Inc130.40%$2.99B-$1.06B
26PEPPepsiCo, Inc.130.28%$2.11B-$209.68M
27QCOMQUALCOMM INC130.19%$1.46B-$94.2M
28CHTRCHARTER COMMUNICATIONS INC N121.81%$13.52B+$324.76M
29BKBank of New York Mellon Corp/T121.11%$8.32B+$767.42M
30PCLNPRICELINE GRP INC120.70%$5.27B-$476.93M
31AMZNAmazon.com, Inc.120.69%$5.14B-$1.5B
32CCITIGROUP INC120.61%$4.53B+$949.56M
33BIDUBAIDU INC120.51%$3.78B+$117.17M
34MCOMOODYS CORP120.41%$3.08B-$615.38M
35LBTYKLiberty Global PLC120.41%$3.07B-$106.75M
36UNPUnion Pacific Corp120.39%$2.94B+$226.23M
37UTXUnited Technologies Corp.120.36%$2.72B-$46.25M
38PMPhilip Morris International In120.26%$1.92B-$769.71M
39PFEPFIZER INC120.18%$1.36B+$152.3M
40XOMEXXON MOBIL CORP120.11%$804.18M-$26.37M
41SLBSchlumberger Ltd110.65%$4.9B+$41.7M
42AGNALLERGAN PLC110.31%$2.3B+$98.87M
43PGProcter & Gamble110.30%$2.24B+$242.07M
44CVSCVS HEALTH CORP110.12%$928.53M+$372.29M
45TWXTime Warner Inc100.61%$4.6B+$1.03B
46MMM3M CO100.26%$1.96B-$1.02M
47PXPRAXAIR INC100.20%$1.5B+$136.51M
48MRKMerck & Co Inc100.15%$1.15B-$354.75M
49VZVERIZON COMMUNICATIONS INC100.03%$228.73M-$755.7M
50GILDGilead Sciences, Inc.100.03%$194.01M-$14.76M