I share my highlights of the current portfolio holdings of Warren Buffett, Charlie Munger, Greg Alexander, Mohnish Pabrai, Guy Spier, Li Lu, Bill Miller, and Michael Burry as of Q4 2021. I like observing these investors because they are compounding machines!
-Superinvestors’ Portfolios Q4 2021
-Warren Buffett Bought Activision, Nubank, Formula 1
-Charlie Munger’s Daily Journal Bought More Alibaba
-Greg Alexander Bought More BABA Too
-Mohnish Pabrai Dumped BABA To Buy Prosus & Micron
-Guy Spier Studied In The Oasis Of Tech
-Li Lu Bought BAC & FB
-Bill Miller Bought BABA & FB
-Michael Burry Dumped Lockheed For General Dynamics
-Did The Bull Market Top Out In Q4 2021?
Among Berkshire Hathaway’s top 10 holdings, Buffett seemed to invest an additional $1 billion into Chevron (CVX) to collect more dividends as energy prices keep going up in 2022. Berkshire Hathaway invested about $1 billion into Activision Blizzard (ATVI), another $1 billion into Nu Holdings (Nubank), and about $134 million into Liberty Media Corp Formula One Series C (FWONK).
Otherwise Berkshire seems to be bullish on housing related companies as it added to its positions in Floor & Decor Holdings (FND) and Restoration Hardware (RH), while it turned bearish on Mastercard (MA) and Visa (V) along with a bunch of pharma stocks.
I love Charlie Munger because he’s like everyone’s favorite curmudgeonly grandpa who tells it like it is, and much like a honey badger, doesn’t care what you think and he’s just gonna do what he wants to do. He doesn’t need 45 days to release DJCO’s 13F filing, which came out only a few days after the end of the fourth quarter. So we already know he literally doubled down on Alibaba (BABA) by adding another 300,000 shares to the Daily Journal equity portfolio.
As he discussed at the Daily Journal’s 2022 annual meeting on February 16, it seems he took out about $40 million in margin debt to load up the truck on Alibaba. Quite simply, Charlie Munger believes BABA gives better investment value at a lower price. I think it’s super admirable how much conviction Charlie has in Alibaba. He has a lot of admiration for how the Chinese economy is run and also for Lee Kuan Yew, the former Prime Minister of Singapore who shaped the country into what it is today.
Greg Alexander of Conifer Management (Sequoia Fund) might even be more bullish on Alibaba than Charlie Munger as he has about a quarter of a billion dollars in BABA.
Unlike Charlie Munger and Greg Alexander, Mohnish Pabrai turned super bearish on Alibaba in completely selling out of it and buying Prosus instead. Mohnish believes that both Prosus and Tencent are superior businesses to Alibaba, and Prosus has about a 30% stake in Tencent. He also added to his Micron Technology (MU) while significantly reducing his Seritage Growth Properties (SRG) position. There are a few more international positions he has in his $750 million +/- portfolio.
Guy Spier’s Aquamarine Capital did not seem to buy nor sell any positions in Q4 2021, aside from Prosus which we won’t see on the 13F since it’s not an American-listed company. For now I think Guy is continuing to study companies in the Oasis of Tech, as he calls it.
Li Lu of Himalaya Capital, and with whom Charlie Munger is also invested in Chinese stocks through, seemed to only buy more Bank of America (BAC) and Facebook Meta (FB). I wonder what he thinks about Alibaba since he most likely exposed Charlie to this company. If you know any info as to whether Li Lu is invested in Alibaba, please let me know in the comments!
But only Mohnish seemed to add to Micron as other investors reduced their positions in it, and Guy and Li Lu didn’t add to their existing Micron positions.
Bill Miller seems bullish on Alibaba and Facebook, while more bearish on Google Alphabet.
Michael Burry, the guy who is warning that the mother of all crashes is coming, looks like he sold out of Lockheed Martin to buy General Dynamics. It would also be interesting to study his long and short positions.
It’s particularly interesting to me to keep tabs on the investing activities of Buffett, Munger, Pabrai, Spier, Lu, and Alexander because they are concentrated, long term investors. This means that they don’t overly diversify and they tend to hold their positions for a long time.
If you’re interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide.
I look forward to making more investor friends! Add me on Instagram: michellemarki. PS It’s super fun how it’s 2.22.22 today! 😀