Notable Sells: Bank of America ( BAC), Nike ( NKE), Fiserv ( FIS), Nestle ( NSRGY), Nalco ( NLC), Lowe's ( LOW), Becton Dickinson ( BEC), Comcast ( CMCSA). He also reduced holdings in Bank of New York Mellon ( BK) and Moody's ( MCO). Top Five Equity Holdings: Coca Cola ( KO), Wells Fargo, American Express ( AXP), Procter & Gamble ( PG) and Kraft Foods ( KFT) Legendary investor Warren Buffett's Berkshire Hathaway ( BRK-B) made quite a few exits during the fourth quarter. Buffett might have had an even bigger hand than usual in the latest changes to the portfolio, as one of his top investment managers, Lou Simpson, retired last year. That makes the exits from stocks like Bank of America and other companies more significant. Buffett also seems to have changed his views on some of his more recent investments. He reduced his exposure to Bank of New York Mellon, which he added to the portfolio in the third quarter. He also sold Fiserv, a solutions provider to the financial services industry, that Berkshire bought only two quarters prior to the last one. In October,
Notable Sells: Allied Nevada ( ANV), Dow Chemical ( DOW), Baidu ( BIDU), Cooper Tire ( CTB) and First Solar ( FSLR) were among the top sells. The fund also pared exposure to Weatherford International ( WFT), Monsanto ( MON), Popular ( BPOP), Massey Energy ( MEE), Plains Exploration ( PEXP) as well as Dow heavyweights Verizon ( VZ), Pfizer ( PFE) and AT&T ( T). Top Five Equity Holdings: SPDR Gold Trust, InterOil, Monsanto, Delta Airlines and Novagold Resources ( NG) Soros Fund Management is clearly bullish on Delta Airlines, with its stake in the company jumping from 0.9% in September to 3.3% in December 2010. The stock now falls within its top five holdings of the fund.
Notable Sells: Aon Hewitt ( AON), GenOn Energy ( GEN) and Burger King, which was taken private last year. The fund also cut stakes in Boston Scientific ( BSX), Kinross Gold ( KGC), Airgas ( ARG), AngloGold Ashanti ( AU) and among the large banks, Bank of America and Citigroup. Top Five Equity Holdings: SPDR Gold Trust, AngloGold Ashanti, Citigroup, Bank of America and Anadarko Petroleum. John Paulson's Paulson & Co has had a testing time in the first half of 2010, but staged an incredible turnaround in the second half. His big bet on equities and gold paid off with the Fed's quantitative easing move driving a simultaneous rally in both asset classes. The hedge fund titan became famous for his $15 billion bet against sub-prime mortgages in 2007. In 2008, he made money shorting bank stocks and in 2009, he switched sides, making large bets on the nation's big banks, scooping them up at low valuations. In recent quarters, Paulson's picks have shown a bias towards companies in the M&A radar, evident in his pick of DelMonte Foods, which is being taken private by private equity firm KKR and King Pharma, which just completed its sale to Pfizer. He continued to hold on to Genzyme, which is said to be nearing a deal with Sanofi Aventis ( SNY) after prolonged discussions and likely benefited from the Burger King private equity deal.
>>View John Paulson's Portfolio
Notable Sells: The fund did not exit any of its holdings. It did reduce exposure to Cadence Design ( CDNS) and Masco ( MAS). Top Five Equity Holdings: Icahn Enterprises ( IEP), Federal Mogul ( FEMOW.PK), Motorola Solutions ( MSI), Motorola Mobility ( MMI) and Chesapeake Energy.
Carl Icahn's big bet on Motorola finally paid off, with the mobile maker spinning off into Motorola Solutions ( MSI) and Motorola Mobility ( MMI). Icahn was so bullish on Motorola that he even bought an additional 17.6 million shares of the original entity ahead of the spin off in the fourth quarter. Shareholders of Motorola received one share of Motorola Mobility for every eight shares held. Motorola Solutions then underwent a reverse 1 to 7 stock split after the spin-off. That leaves Icahn with about 38.2 million shares of Motorola Solutions and 33.5 million shares of Motorola Mobility, going by the fund's consolidated holdings as of December 31. The fund also ramped up exposure to Chesapeake by 56%. Positions in Enzon Pharma and Commercial Metals were hiked by 67% and 50% respectively. >>View Carl Icahn's Portfolio
Notable Sells: WellPoint ( WLP), Covidien ( COV), Becton Dickinson ( BEC), Cigna ( CI), CNO Financial ( CNO), Dana Holdings ( DAN). The fund also cut holdings in Willis Group ( WSH), Capital One Financial ( COF), BB&T ( BBT), Fifth Third Bancorp ( FITB), Yahoo! ( YHOO) and Newcastle Investment ( NCT). Top Five Equity Holdings: Citigroup, Bank of America, Pfizer, Hewlett Packard ( HPQ) and Wells Fargo.