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Billionaire Hedge Fund Moves: Q2 2025 Portfolio Changes Unveiled
Published on August 17, 2025 by the Qunatical Team
Welcome to Qunatical’s Q2 2025 Hedge Fund Analysis
Ever wondered what the world’s top investors are doing with their billions? The Q2 2025 13F filings reveal the latest moves by billionaire hedge fund managers like $Warren Buffett, $Bill Ackman, $David Tepper, and $Michael Burry. From bold bets on undervalued sectors to cautious trims amid market volatility, these shifts offer a roadmap for navigating today’s complex market. Join Qunatical.com as we break down their strategies, highlight key stock changes, and share investment insights to empower your portfolio.
Warren Buffett – Berkshire Hathaway
Buffett, the Oracle of Omaha, stayed true to his value-driven approach, targeting undervalued sectors with long-term potential.
- New Positions: $UNH (UnitedHealth Group, $1.6B), $NUE (Nucor), $LEN (Lennar), $DHI (D.R. Horton), $LAMR (Lamar Advertising), $ALLE (Allegion). The $UNH stake signals optimism in healthcare’s recovery potential.
- Top Additions: $POOL (Pool Corp, +136%), $LEN.B (Lennar, +18.6%), $STZ (Constellation Brands, +11.6%), $HEI.A (Heico, +11.4%), $CVX (Chevron, +2.9%), $DPZ (Domino’s Pizza, +0.5%).
- Top Reductions/Exits: Reduced $AAPL (Apple, -6.7%, ~20M shares sold for ~$4B), $CHTR (Charter Communications, -46.5%), $FWONK (Liberty Media, -14.1%), $BAC (Bank of America, -4.2%). Exited $TMUS (T-Mobile).
Analysis: Buffett’s shift toward healthcare ($UNH) and housing ($LEN, $DHI) reflects a defensive strategy, while trimming tech ($AAPL, $TMUS) suggests locking in gains amid high valuations.
Bill Ackman – Pershing Square Capital
Ackman’s concentrated portfolio, with 51% in $UBER, $BN, and $HHH, leaned into tech and services.
- New Position: $AMZN (Amazon, 5.82M shares), betting on AI and cloud growth.
- Top Additions: $GOOGL (Alphabet), $BN (Brookfield), $HLT (Hilton), $HTZ (Hertz).
- Exit: $CP (Canadian Pacific).
Analysis: Ackman’s $AMZN and $GOOGL investments highlight confidence in tech-driven growth, while $HHH reflects a hands-on approach to unlocking value in real estate.
David Tepper – Appaloosa Management
Tepper adopted a contrarian approach, scaling back on tech and pivoting to undervalued sectors.
- New Positions: $INTC (Intel), $RTX (Raytheon), $IQV (IQVIA), $UAL (United Airlines), $DAL (Delta Air Lines), $WHR (Whirlpool), $GT (Goodyear), $MHK (Mohawk Industries), $UNH (UnitedHealth).
- Top Additions: $UNH (UnitedHealth), $NVDA (Nvidia), $TSM (Taiwan Semiconductor), $XYZ (Block).
- Top Reductions/Exits: Cut $NVDA (Nvidia, -56%), $MSFT (Microsoft, -47%), $AMZN (Amazon, -3%). Exited $AMD (Advanced Micro Devices), $AAPL (Apple) puts, $AVGO (Broadcom).
Analysis: Tepper’s bets on $UNH and airlines ($UAL, $DAL) signal optimism in recovery plays, while reducing tech exposure indicates caution on high valuations.
Michael Burry – Scion Asset Management
Burry pursued a contrarian reset, targeting healthcare, tech, and consumer sectors with leveraged bets.
- New Positions: $UNH (UnitedHealth, calls + stock), $REGN (Regeneron, calls + stock), $LULU (Lululemon, calls + stock), $META (Meta, calls), $EL (Estée Lauder, calls + stock), $JD (JD.com, calls), $BABA (Alibaba, calls), $ASML (ASML, calls), $VFC (VF Corp, calls), $BRKR (Bruker), $MELI (MercadoLibre).
Analysis: Burry’s leveraged bets via calls on $UNH, $BABA, and $JD reflect optimism in undervalued sectors, particularly Chinese tech despite regulatory risks.
Significant Stock Changes
The table below summarizes key stock increases (green) and decreases (red) for each investor, focusing on significant holdings in Q2 2025 filings. Hover over cells for details.
| Stock | Warren Buffett | Bill Ackman | David Tepper | Michael Burry |
|---|---|---|---|---|
| $UNH | New ($1.6B) | – | New + Increased | New (Calls + Stock) |
| $AMZN | – | New (5.82M shares) | Reduced (-3%) | – |
| $AAPL | Reduced (-6.7%) | – | Exited (Puts) | – |
| $GOOGL | – | Increased | – | – |
| $NVDA | – | – | Reduced (-56%) | – |
| $MSFT | – | – | Reduced (-47%) | – |
| $BAC | Reduced (-4.2%) | – | – | – |
| $BABA | – | – | – | New (Calls) |
| $JD | – | – | – | New (Calls) |
| $META | – | – | – | New (Calls) |
Insight: The table underscores a surge in $UNH across multiple funds, reflecting healthcare’s value appeal. Tech giants like $AAPL and $NVDA saw reductions, while $AMZN and $GOOGL gained favor. Burry’s contrarian bets on $BABA and $JD stand out.
Investment Insights for Qunatical Readers
At Qunatical.com, we translate billionaire moves into actionable strategies. Here’s what Q2 2025 tells us:
- Healthcare’s Comeback: The surge in $UNH highlights its low 13x earnings multiple and recovery potential. Investors may find value in healthcare stocks, but watch for regulatory pressures.
- Tech’s Mixed Signals: While $AMZN and $GOOGL attract growth bets, trims in $AAPL and $NVDA suggest valuation concerns. Focus on tech with AI-driven growth but diversify to mitigate volatility.
- Contrarian Opportunities: Burry’s bets on $BABA and $JD signal value in Chinese tech, but regulatory risks require careful analysis. Consider small positions in undervalued markets.
- Defensive Plays: Buffett’s move to $LEN and $DHI points to housing sector stability. Explore real estate to hedge against market downturns.
- Risk Management: Shifts to Treasury bills reflect caution in a high-valuation market. Balance growth stocks with safe-haven assets.
Visit Qunatical.com for deeper analysis and tools to build your investment strategy.
Broader Trends
- Big Tech Dominance: $MSFT, $GOOGL, $AMZN, and $META remain core holdings, though selective trimming ($AAPL, $NVDA) suggests caution on high valuations.
- Healthcare Surge: $UNH emerged as a top buy, driven by its low 13x earnings multiple.
- Contrarian Plays: Burry and Tepper’s bets on Chinese tech ($BABA, $JD) and airlines ($UAL, $DAL) target undervalued sectors.
- Risk Aversion: Some managers shifted to Treasury bills, reflecting caution in a high-valuation market.
- AI Exposure: Despite tech reductions, AI-related bets ($NVDA, $MSFT, $AMZN) remain prominent, with new stakes in $AVGO and $XYZ.
Market Context: Hedge funds reported $4.74T in AUM with $24.8B in Q2 inflows, the strongest since 2014. Equity long/short strategies returned 8.7%, while managed futures lagged at -4.4%.
Conclusion & Next Steps
Q2 2025 reveals a dynamic landscape where billionaires like Buffett, Ackman, Tepper, and Burry balance growth opportunities with market risks. From $UNH’s healthcare surge to contrarian bets on $BABA and $JD, these moves highlight strategic pivots in a volatile market. Ready to apply these insights to your portfolio? Explore more at Qunatical.com, where we offer tools, analysis, and strategies to help you invest like the pros.
Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
