By Janet H. Cho and Liz Moyer

While Warren Buffett's Berkshire Hathaway was busy exiting or trimming stakes in bank stocks, other money managers were shifting their holdings in technology and other sectors.

Daniel Loeb's Third Point Investors exited a 500,000-share stake of Tesla during the March quarter, according to its quarterly regulatory filing. It also exited a 670,000-share stake of Meta Platforms. At the same time, it reported a new 8.9-million share holding of Kenvue, 3.8 million shares of AT&T, and 1.45 million shares of Nvidia, among other shifts.

The filing reflects holdings as of the end of March, meaning portfolios could have shifted again since then.

David Tepper's Appaloosa Management reported new holdings in Deutsche Bank (3.75 million shares), L3Harris Technologies (300,000 shares), and Broadcom (130,000 shares). It increased its Uber Technology stake to 3.2 million shares, and exited 1.2 million shares of AMD and one million shares of Intel.

Carl Icahn increased his company Icahn Enterprises' stake in JetBlue Airways to 33.6 million shares from 17.7 million, and trimmed its stake in natural gas company Southwest Gas Holdings to 7.5 million from 9.6 million, according to its 13-F filing.

Bill Ackman's Pershing Square reported a new 30.3-million share stake of Uber Technologies, and exited a 18.8-million share stake of Nike.

Jeffrey Smith's Starboard Value cut its stake in Pfizer shares in half, to 7.73 million shares from 15.37 million shares, after an unsuccessful activist effort that said the pharmaceutical maker had failed to deliver for shareholders.

Write to Janet H. Cho at janet.cho@dowjones.com

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May 15, 2025 18:42 ET (22:42 GMT)

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