The February 14 deadline has passed. Over 8,500 institutional managers have filed their Q4 2025 13F disclosures with the SEC, revealing $53.3 trillion in holdings. After digging through the data, here are the five most jaw-dropping moves that tell the story of where smart money is heading in 2026.
1. Renaissance Technologies Nuked 85% of Its NVIDIA Position
The world's most famous quant fund didn't just trim NVIDIA — they demolished it. Renaissance cut their position from $1.05 billion (5.63M shares) to just $163 million (871K shares). That's $888 million in NVIDIA exposure gone in 90 days.
But here's what makes it truly wild: they simultaneously went +2,545% into Netflix, +5,221% into Costco, and opened a brand-new $206M Amazon stake. Oh, and they completely exited Meta.
This wasn't routine rebalancing. After October's "Quant Quake" — where RIEF plunged 14.39% and RIDA cratered 15.6% — this looks like an emergency rebuild of factor exposures.
Read the full Renaissance analysis →
2. Bridgewater's $4.8 Billion SPY Bet — A 10x Position Increase
Dalio's team went from $480 million in SPY to $4.82 billion in a single quarter. An 883% increase. That one ETF position is now larger than their next 20 holdings combined.
Meanwhile, they exited 168 positions and initiated 86 new ones — rotating nearly a third of the entire portfolio.
Read the full Bridgewater analysis →
3. Buffett's Apple Selling Finally Stops — at Exactly 300 Million Shares
After quarters of relentless selling, Berkshire Hathaway held Apple steady at 300 million shares. Constellation Brands was the only new buy. The top 5 holdings dominate at 72% of the $267 billion portfolio.
Read the full Berkshire analysis →
4. Microsoft Attracted $264 Billion in New Institutional Capital
We analyzed 8,541 filings from 8,484 institutional investors. Microsoft pulled in $264 billion in new institutional capital — the largest single-stock inflow of the quarter. Tech attracted $1.3 trillion total.
Read the full Consensus Report →
5. The Great Divergence
Renaissance is dumping NVIDIA while others pile in. Burry went all-in on China. Bridgewater went full S&P. Ackman made a contrarian Nike bet. The smart money has never been less unanimous.
Read the full Whale Fund comparison →
All data sourced from SEC 13F filings via 13F Insight, a tool I'm building to track institutional holdings in real-time.
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