December 2, 2011

What They're Buying

The third quarter offered many market-tanking types of ideas on which SuperInvestors pounced, from high-moat tech titans like Google and Apple, to once-proud outcasts like Sprint Nextel and News Corp.

	Table:		Coming Into Range

	Table:		Biggest New Bets

What They're Selling

SuperInvestor selling last quarter appears to have been largely driven by swapping out of "middle-innings" opportunities such as SPDR Gold Trust, BlackRock and Pfizer and into those closer to the start of the game.

	Table:		Middle Innings?

	Table:		Selling Out

What They Own

SuperInvestors generally have been actively buying technology and actively selling financials this year, but both sectors are well represented among their widely held stocks at the end of the third quarter.

	Table:		Wisdom of Crowds

	Table:		Top Holdings

Stock Spotlight

While most investors have been focused on avoiding risks in highly leveraged companies, SuperInvestors' interest in hospital operator HCA Holdings last quarter would indicate they remember leverage can work both ways.

Companies in this Issue

A – E

Aetna, Alere, American Tower, Aon, Apple, AutoZone, BP, BlackRock, CVS Caremark, Charles River Labs, Citigroup, Citrix Systems, Coca-Cola, Coca-Cola Enterprises, Comcast, El Paso, Expedia, Express Scripts, eBay

F – J

Family Dollar Stores, Fidelity National Information, Freeport-McMoRan, General Motors, Google, HCA Holdings, Hewlett-Packard, Home Depot, Intel, J.C. Penney, JPMorgan Chase

K – O

L-3 Communications, Las Vegas Sands, Life Technologies, Lions Gate Entertainment, Lockheed Martin, Lowe’s, Marathon Oil, Marvell Technology, McDonald’s, Microsoft, Mosaic, Motorola Solutions, News Corp., Owens-Illinois, O’Reilly Automotive

P – T

Pfizer, Potash, Qualcomm, SLM Corp., SPDR Gold Trust, Seagate Technology, Sprint Nextel, Teva Pharmaceutical

U – Z

U.S. Bancorp, UnitedHealth, Viacom, Visa, WellPoint, Wells Fargo, Williams, Yahoo