What are the best investors in the world buying?

Bruce Berkowitz

Fairholme Capital Management

Hyper-concentrated deep-value — one or two names dominate the book.

Hyper-concentrated — a single name dominates the book.

Snapshot: Q4 2025

Murray Stahl

Horizon Kinetics

Owner-operator + hard-asset book — exchanges, royalties, scarcity.

Highly concentrated — top position carries meaningful weight.

Snapshot: Q4 2025

Charlie Munger

Daily Journal Corporation

Extreme concentration across a handful of quality names — patience as a strategy.

Highly concentrated — top position carries meaningful weight.

Snapshot: Q4 2025

Li Lu

Himalaya Capital Management

Extreme concentration in quality — single-digit positions, multi-year holds.

Highly concentrated — top position carries meaningful weight.

Snapshot: Q4 2025

David Abrams

Abrams Capital Management

Concentrated patient value — low turnover, willing cash holder.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Mohnish Pabrai

Pabrai Investment Funds

Deep-value concentration with heavy cyclical and emerging-market tilt.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Francis Chou

Chou Associates Management

Deep-value contrarian — out-of-favour, patient, thesis-driven.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Prem Watsa

Fairfax Financial Holdings

Insurance float compounding into contrarian value — global, cycle-aware.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Bill Gates (Foundation Trust)

Bill & Melinda Gates Foundation Trust

Endowment-scale concentration — Microsoft legacy plus Buffett-gifted positions.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Michael Burry

Scion Asset Management

Tactical contrarian — small book, rapid rotation, thematic concentration.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Guy Spier

Aquamarine Capital

Slow-turnover quality value — minimal trading, long-duration holds.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Chuck Akre

Akre Capital Management

Three-legged-stool compounders — payments, ratings, real-asset platforms.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

David Einhorn

Greenlight Capital

Long/short value — underfollowed cash-flow names and special situations.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Howard Marks

Oaktree Capital Management

Cycle-aware credit/equity hybrid — distressed equities and residual stubs.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Warren Buffett

Berkshire Hathaway

Concentrated quality compounder anchored in consumer, financials, and energy.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Wally Weitz

Weitz Investment Management

Omaha-school value — moats, margin of safety, owner-operators.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Tom Russo

Gardner Russo & Quinn

Global brand compounders — patience premium, heavy consumer staples.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Glenn Greenberg

Brave Warrior Advisors

High-conviction quality-value — 10-15 names, deep research, long holds.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

François Rochon

Giverny Capital

Owner-operator quality book — North American focus, long holds.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Bill Nygren

Harris Associates (Oakmark Funds)

Contrarian large-cap value — financials, autos, select media.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Mason Hawkins

Southeastern Asset Management

60-cent-dollar deep value with an owner-operator lens.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Tom Gayner

Markel Group

Buffett-shaped quality compounding with financials and industrials tilt.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Chris Hohn

TCI Fund Management

Global compounders — rails, software, and infrastructure at scale.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Seth Klarman

The Baupost Group

Special-situations deep value — distressed, spin-offs, and asymmetric setups.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Bill Ackman

Pershing Square Capital Management

Concentrated quality activist — 10 names, high conviction, heavy consumer/services tilt.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Dan Loeb

Third Point LLC

Event-driven activism across catalyst-rich large caps.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Stephen Mandel

Lone Pine Capital

Secular-growth quality at scale — software, internet, consumer.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Joel Greenblatt

Gotham Asset Management

Magic-formula systematic value — broadly diversified, long/short.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

Terry Smith

Fundsmith LLP

Global high-ROCE franchises — consumer staples, software, and payments.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025

David Tepper

Appaloosa Management

Macro-tilted mega-cap tech and China with aggressive rotation.

Focused — meaningful conviction in a handful of names.

Snapshot: Q4 2025