§ DESK · SMART MONEY
Who is buying what.
Real-time 13F aggregates, insider clusters, and fund-of-funds flow. We surface the moves that matter and flag the ones that are just noise.
Tracking · 56 funds · $17766374.0T AUMLast 13F · Q4 · Filed Dec 31Signal freshness · Live
CONVICTION BUY
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Awaiting filings
CONVICTION SELL
MSFT
35 funds · −$4757817.1T · Q4
INSIDER CLUSTER
TSM
29 officers bought 423.0K sh · 35D AGO
CROWDING RISK
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Awaiting filings
§ 03 · THE BEHAVIORAL PRESSURE DOSSIER
What nobody wants to say out loud.
◇ AC DESK · POSITIONING
Everyone already owns tech. The next move is the rotation nobody is positioned for.
Mag7 is 34% of the S&P 500 by weight and 44% of institutional portfolios by active share. We've seen this film before — 1999, 2021. The crowding itself becomes the trade. When the unwind comes, it won't come from news. It will come from a single fund deciding it has too much, and the rest following.
§ 04 · FUNDS WE WATCH
The ones we actually learn from
Appaloosa
BIG MOVETEPPER · $7383.6T AUM
Cut Mag7 33%, opened new $412M energy basket. The biggest pivot since 2022.
YTD · +14.2%FILED 138D AGO
Pershing Square
ROUTINEACKMAN · $17.4B AUM
Added to CMG, trimmed HLT, no new positions. Concentrated book, no drama.
YTD · +9.8%FILED 138D AGO
Scion
BEARISHBURRY · $1381.2T AUM
Added regional-bank puts, long gold miners. Classic Burry tape-reading.
YTD · −4.1%FILED 230D AGO
Greenlight
ROUTINEEINHORN · $2.1B AUM
Reiterated GM short, added to coal. Classic value cheat code.
YTD · +11.5%—
§ 04 · WHO'S WHO · FUND TYPES
Browse by strategy
56 FUNDS · $17766374.0T AUM
DEALER / BANK
358 fundsTop · —
BROWSE →
INCOME / DEFENSIVE
222 fundsTop · —
BROWSE →
QUALITY / COMPOUNDER
60 fundsTop · —
BROWSE →
SYSTEMATIC / QUANT
39 fundsTop · —
BROWSE →
PASSIVE / INDEX
34 fundsTop · —
BROWSE →
TACTICAL / MACRO
19 fundsTop · —
BROWSE →
DEEP VALUE
10 fundsTop · —
BROWSE →
ACTIVIST
6 fundsTop · —
BROWSE →
§ 05 · FRESH FILINGS
Last 48 hours
13F · 13D · FORM 4
| Time | Filer | Type | Subject | $ value | Our flag |
|---|---|---|---|---|---|
| FILED 138D AGO | Fidelity Management | 13F | 13217 positions | $1923243.4T | ROUTINE |
| FILED 138D AGO | Two Sigma | 13F | 78 positions | $38504.9T | ROUTINE |
| FILED 138D AGO | Baupost Group | 13F | — | — | ROUTINE |
| FILED 138D AGO | Lone Pine Capital | 13F | — | — | ROUTINE |
| FILED 138D AGO | Berkshire Hathaway | 13F | — | — | ROUTINE |
| FILED 138D AGO | Coatue Management | 13F | — | — | ROUTINE |