It wasn't just David Einhorn who picked just the wrong time to dump most of his Apple stock: in the second quarter, some of the most iconic hedge funds like Duquesne’s Stanley Druckenmiller, Moore Capital Coatue Management and Jana Partners either bought or added to stakes in Facebook in the second quarter... just days before the company's biggest crash in history. Other weres luckier, and the rich(est) got richer, as Warren Buffett’s Berkshire Hathaway boosted its stake in Apple from 239.6 million shares to 252 million shares, and added to Teva and Goldman Sachs, while trimming holdings in Wells Fargo, American Airlines, and United Continental. Also observed during Q2: hedge fund managers made big Q2 bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade war. Third Point added new positions in payment companies PayPal Holdings and Visa, both of which are up more than 19% year to date. Greenlight Capital, run by billionaire investor David Einhorn, added new positions in low-to-middle income retailers including Dollar Tree, Dollar General , Gap Inc and TJX Companies (or maybe he just hired a new and convincing retail analyst). At the same time, Reuters notes that some other large hedge fund managers cut their positions in FAANG stocks - Third Point sold all of its stake in Alphabet and divested 1 million shares of Facebook, reducing its position in the company by 25 percent. At the same time, it increased its stake in Microsoft by nearly 310 percent, buying 1.7 million shares. Omega Advisors, meanwhile, sold all of its position in Netflix. As noted earlier, a number of prominent HF managers sharply cut their stake in Apple only weeks before it became the first publicly traded U.S. company to be worth more than $1 trillion. Einhorn’s Greenlight Capital slashed its stake by 77%, while Philippe Laffont’s Coatue Management got rid of 95%. Advisory firm Diamond Hill Capital Management cut its stake by 27%. Other big holders, including Sanders Capital and Adage Capital Partners, trimmed only small amounts in the second quarter. On the other side of the trades were Warren Buffett and a variety of central banks and sovereign wealth funds. Some other observations from the latest set of 13Fs: Hedge funds hummed their way into holding Spotify stock in Q2, as the company was acquired by Tiger Global, Coatue Management, Maverick Capital, Moore Capital and Soros Fund Management Davidson Kempner, Soroban either exited or sold down stakes in NXP Semiconductors in the quarter before the company’s deal with Qualcomm was terminated last month, while Third Point and Highfields Capital Management added a new stake. Soros Fund Management cuts bank holdings including Bank of America, JPMorgan Chase and Citigroup Jana Partners added shares of broad-based exchange-traded funds that track the S&P 500 and the Russell 2000 indexes and took new positions in Wells Fargo & Co and food delivery company GrubHub. Greenlight Capital trimmed its stake in Apple along with Coatue Management before shares jumped 13 percent since the end of June. Eminence Capital exited its position in Papa John’s before shares dove following news that John Schnatter, the firm’s founder and then-chairman, used a racial slur, leading him to resign. Activist Corvex, fresh off Tuesday’s news that its target Energen is being purchased by Diamondback Energy, reported a new stake in MGM. Courtesy of Bloomberg, below is a summary of the biggest buys and sells from the latest round of 13F filings as of June 30. ADAGE CAPITAL Top new buys: NVT, PEG, VST, MAS, D, F, OGE, FCX, TRU, BV Top exits: NKTR, RTN, CQH, VVC, ETR, AGR, NDSN, PX, AEP, WCN Boosted stakes in SHPG, AET, MRK, AMZN, LMT, WFC, SRPT, HON, MMM Cut stakes in CC, DE, WRK, EMR, ITW, CI, PNC, BAC, DLTR, FTV ANCORA ADVISORS Top new buys: AVGO, MIK, CLBK, HSIC, TRNC Top exits: PRF, AFSI, ALLE, SKYW, RCII Boosted stakes in LBRDK, PAH, MATW, HILI, GHL Cut stakes in GLIBA, ARCH, HDV, GLW, IWM APPALOOSA MANAGEMENT Top new buys: KEY, SYMC, CFG, VST, EDU, NXPI Top exits: QQQ, AMAT, SMH, ALL, NVDA, HCA, BTU, URI Boosted stakes in MU, WDC, LNG, WFC, PAH, PCG, KNX, KMT, SUM Cut stakes in BABA, NRG, BAC, MGM, ALLY, AGN, XPO, GOOG, AMLP BALYASNY ASSET MANAGEMENT Top new buys: T, BBY, WMT, ERJ, LNC Top exits: BURL, AIG, VIPS, URI, HTZ Boosted stakes in WFC, STI, DLTR, EVRG, DWDP Cut stakes in DIS, AA, NTRS, V, DRI BAUPOST GROUP Top new buys: TRCO, SBGI, TBIO, SHPG Top exits: PBF, IMOS, FWP, OREXQ Boosted stakes in FOXA, FOX, PCG, ABC, AGN, TMQ, VSAT, MCK Cut stakes in LN BERKSHIRE HATHAWAY Top exits: VRSK Boosted stakes in AAPL, USB, TEVA, BK, DAL, GM, GS, LUV, AXTA Cut stakes in AAL, PSX, CHTR, UAL, WFC BLUE HARBOUR GROUP Top new buys: GWR Top exits: FTNT, JACK, RDC, MDRX Boosted stakes in WCC, IWM, FCE/A, AXTA, SPY, OTEX, COMM Cut stakes in XLNX, MD, ON, ISBC BRIDGEWATER ASSOCIATES Top new buys: CMI, AMAT, BABA, BMY, WMT, JNJ, LMT, AKAM, PHM, INTC Top exits: PG, GE, DVA, RIG, PEP, CPB, AMGN, FCX, DRI, MAS Boosted stakes in TD, RY, IEMG, TOL, CVX, MCD, SU, TEL, BNS, CAT Cut stakes in VWO, EEM, SPY, NFX, FB, SWN, CLF, BBBY, ABC, BIIB CITADEL ADVISORS Top new buys: KDP, EQH, EVRG, BNS, BJ SBUX Top exits: AMD, USG, BABA Boosted stakes in C, AMAT, AMZN, V, KEY, DVN, MU Cut stakes in AVGO, ADI, LRCX, UTX, CSCO, ABT CLINTON GROUP INC Top new buys: EL, CAT, LMT, MCK, VZ, CCE, FITB, LOPE, AGNC, ABX Top exits: MON, DRI, MA, LLY, JNPR, BCO, PEP, TWTR, HDS, CDNS Boosted stakes in PGR, HRB, COLM, WLK, DNB, ITW, CMD, ROK, MO, SNPS Cut stakes in FB, D, GOOGL, ABBV, AVY, REG, WCG, AMGN, EA, HSY COATUE MANAGEMENT Top new buys: SPOT, INTC, NOW, AAXN, HTZ, HUYA Top exits: SNAP, RHT, WDC, CGNX, LRCX Boosted stakes in FB, MSFT, ADBE, ATVI, PYPL, TAL Cuts stakes in MU, AAPL, AVGO, BABA, FWONK CORVEX MANAGEMENT Top new buys: MGM, VNO, MDB, MHK, CHTR, LCA, FOXA, CTL Top exits: BABA, EVHC, KDP, IQ Boosted stakes in TMUS, NXPI, JBLU, BAC, MSFT Cut stakes in EGN, CRM, GOOGL, MDCO, FG, NOW, ICE, FB DUQUESNE FAMILY OFFICE Top new buys: FB, GILD, OIH, MPC, SPLK, ADSK, DVN, ATVI, XLE, HD Top exits: INTC, NKTR, MU, JD, QCOM, YNDX, VIPS, STL Boosted stakes in MSFT, BABA, WDAY, CTRP, PAGS Cut stakes in GOOGL, STMP, AMZN ELLIOTT MANAGEMENT Top new buys: DVN, VMW, FOX, SRE Top exits: EGN, TER, NOMD, VICI Boosted stakes in HES, DISH, EQT, MFGP, QQQ, ATHN, WIN, NXPI Cut stakes in CDK, ISBC, WIT, IMPV EMINENCE CAPITAL Top new buys: BERY, SYMC, QSR, HLT, HAIN, MHK, BECN, CPLG, CTRP, EQIX Top exits: PZZA, NEWR, JACK Boosted stakes in ELLI, TTWO, VMC, LEN, CF, EFX, EA, GOOG Cut stakes in WEN, ICE, MSFT, CBRE, ADSK, PYPL, IQV, FB, CYBR ENGAGED CAPITAL Top new buys: UEIC, CASY, GRPN Top exits: FNSR, MX, IWM Boosted stakes in APOG, STKL, BHE, BW, NCR, PETX Cut stakes in CCRN FAIRHOLME CAPITAL Top new buys: C Top exits: SRG Boosted stakes in T, VSTO, OAK Cut stakes in JOE, SHLD, VST GLENVIEW CAPITAL Top new buys: NVT, MSFT, FBHS, HOLX Top exits: TMUS, CAH, RLGY, CMCSA, V, HUM, FB Boosted stakes in ESRX, FDC, CHTR, AET, ENDP, AGN, ARMK, MTOR, MCK, CNDT Cut stakes in HCA, LH, ANTM, CAR, IQV, UHS, NWL, CVS, WBA, APTV GOLDEN GATE CAPITAL New buy: GWR Exits: KLXI Boosted stakes in ARCC, HXL, ADS, WCC, ALB Cut stakes in NGVT, TNET GREENLIGHT CAPITAL Top new buys: GPS, DG, TJX, AZO, DLTR, BBY Top exits: CEIX, DDS, TPR, BLMN, FIVE, ANF, PYPL, URBN, SFM, ODP Boosted stakes in IAC, BHF Cut stakes in MU, AER, AAPL, MYL, VOYA, PRGO, CNDT, ADNT, CNX, DSW HIGHFIELDS CAPITAL MANAGEMENT Top new buys: NXPI, CVS, FB, LEN, PBR/A, SNE, ESRX, ACWI, MHK Top exits: EXPE, HDS, DLTR, IVZ, ENB, HAL, X, PE, MDLZ, TGT Boosted stakes in CHTR, AET, GOOGL, DIS, GOOG, EQT, RJF, MIK Cut stakes in HCA, FOXA, FDX, CMCSA, PXD, HLT, VER, H, VOD, CCE ICAHN ASSOCIATES Top new buys: EGN, VMW, AFSI, CI Boosted stakes in IEP, NWL Cut stakes in HLF, LNG JANA PARTNERS Top new buys: FB, BABA, MSFT, WFC, DXC, GOOGL, RPM, GRUB, ATUS Top exits: BLMN, NOC, KDP, WRK, CI, DISCK, IQ, ILG, ILPT, DBX Boosted stakes in PF, SPY, EA, CAG, A, AAPL Cut stakes in TIF, LRCX, HDS, ADSK, BSX, GM, ZBH, FDC, JACK, ANTM LAKEWOOD CAPITAL Top new buys: ESRX, ASND, FB Top exits: CJ, ABG, Boosted stakes in C, BIDY, WRK, CMCSA Cut stakes in CIT, ADNT, RLGY LAND & BUILDINGS INVESTMENT MANAGEMENT New buy: DHI Top exits: RLJ, MAR, RESI, VTI, HST Boosted stakes in CLI, BKD, LEN, INVH, PLD Cut stakes in LSI, MAC, QTS LONE PINE CAPITAL Top new buys: CP, NVDA, MHK Top exits: AVGO, TSM, BLK, TMUS, EXAS Boosted stakes in WYNN, TDG, MSFT, BABA, NOW, MELI, GOOG, IQV, BKNG, PAGS Cut stakes in FB, PYPL, STZ, ADBE, AMZN, FLT, EA, TRU, CSX, UNH MARCATO CAPITAL Top new buys: IMAX, CPLG Boosted stakes in TEX, THRM Cut stakes in IAC, ITRI, DXC, BLDR, AIR, TPHS, VRTS MAVERICK CAPITAL Top new buys: DIS, AAOI, GPK, SPOT, ALNY, PRSP, COMM, CASY, GPS, TGT Top exits: TAP, SNAP, MGM, PM, LVS, CAR, WING, DPZ, ETSY, EAT Boosted stakes in DLTR, MA, CNC, TMUS, MHK, CIEN, BUD, MSFT, KORS, SCHW Cut stakes in V, UHS, EVHC, DWDP, AMRX, ADBE, WTW, VFC, TIF, TPR MARSHALL WACE Top new buys: TMUS, AXGN, TSM, BRX, IDXX, GPS, CMG, ACGL, JEC, MTN Top exits: SCI, NTRS, CME, NKE, MU, SRCL, JPM, IBN, FLT, AXP Boosted stakes in TFX, ATVI, BBY, DGX, SPGI, MCD, BURL, ROST, ZTS, VRTX Cut stakes in BABA, BAC, DISCK, AVGO, UNH, SAGE, GS, AJG, GILD MOORE CAPITAL Top new buys: NXPI, GOOGL, WFC, MA, SPOT, TGT, FDC, AMP, KMX Top exits: MS, AAPL, GS, LMT, NOC, RTN, GD, COF, BPOP, PLNT Boosted stakes in GCP, FB, EQT, PX, FBP, MOMO, NVDA, CME, GM, TMUS Cut stakes in BABA, BAC, MSFT, AVGO, CCI, ISBC, V, TWTR, EA, VOYA OMEGA ADVISORS Top new buys: NRG, IQV, LEN, MPC, CVS, KKR, MGY, WRD, CDAY, IMMU Top exits: BMY, WFC, NAVI, NFLX, NYCB, GWPH, GLPI, D, BKI, NINE Boosted stakes in SBGI, ASH, HUM, TRN, C, FTSI, MU, TMO, PE, FRAC Cut stakes in SHPG, ANDV, MXL, PVH, DXC, DISH, AER, VVV, PFSI, ALLY PAULSON & CO Top new buys: MITL, AKRX, CMCSA, ATUS, FOXA, LHO Top exits: MDR Boosted stakes in DISCK, NXPI, FOX, AET, XL, TMUS Cut stakes in GOLD, IAG, COL, AEM, GG, SHPG PERSHING SQUARE Top new buys: LOW Boosted stakes in UTX, MDLZ Cut stakes in ADP, QSR POINT72 ASSET MANAGEMENT Top new buys: MPC, FOXA, TEVA, SGEN, WMGI, PNC, SGMS, AZO, LOXO, HUM Top exits: ANDV, NFLX, HON, LOW, MCD, AIG, NVDA, BYD, ETN, CAH Boosted stakes in GOOGL, HLT, BMY, PE, BIDU, SYK, DVN, CMCSA, DXC Cut stakes in WYNN, AVGO, STZ, OXY, ATVI, FB, BKNG, DWDP, BABA, LRCX POINTSTATE CAPITAL Top new buys: MPC, FB, CVX, TEVA, PXD, NXPI, STM, USFD, NOW, APC Top exits: BAC, CFG, AVGO, DE, RF, FCAU, MYL, GS, NOC, GILD Boosted stakes in TRGP, AET, FE, NFLX, SHPG, MSFT, BABA, ADBE, VRTX, JD Cut stakes in CRM, LRCX, LNG, LOW, DWDP, LOMA, BMA, LLL, LYB, X RENAISSANCE TECHNOLOGIES Top new buys: AAPL, FB, MSFT, MS, AXP, ITW, CME, WY, FL, AMG Top exits: BKNG, VZ, MON, PG, WFC, SLB, TWX, KO, CVS, BDX Boosted stakes in VMW, ABMD, JNJ, WMT, VRTX, HLF, ABEV, WWE, GS, CTXS Cut stakes in HD, AMZN, BMY, LLY, PEP, UNH, NXPI, PM, CL, GILD SANDELL ASSET MANAGEMENT Top new buys: KLXI, PAY, ANDV, GPT, EVHC, ILG, EDR, PF, COTV Top exits: STB, BABA, AKRX, BKS Boosted stakes in COL, NXPI, AVA, ORBK, XL, FB, AMZN, AAPL, MSFT, GOOG Cut stakes in OCLR, MGI, KS SENATOR INVESTMENT Top new buys: MRK, FOXA, HD, BKI, LNG Top exits: AVGO, ARNC, LOW, BUD, CMCSA Boosted stakes in CZR, ICE, APTV, FDC, BA Cut stakes in DWDP, DHI, JAZZ, FG, XPO SOROBAN CAPITAL Top new buys: GOOGL, UTX, GRA, MHK Top exits: BUD, CMCSA, LBRDK, FB, CHTR Boosted stakes in SAP, NSC, AXTA Cuts stake in NXPI, UNP, MGM, AVGO, FWONK, GOOG SOROS FUND MANAGEMENT Top new buys: SPOT, P, COUP, FB, DVN, EXR, HUBS, HLT Top exits: KW, LRCX, AMLP, ZAYO, BAX, TMO, LH, TGT, CI, KRE Boosted stakes in NXPI, XL, I, LPLA, NOW, CRM, TTWO, LULU, CVE, ETFC STARBOARD VALUE Top new buys: WEB, RPM, SCOR Top exits: EVHC, BCO Boosted stakes in BMS, IWN, PRGO Cut stakes in NWL, MAC, CARS, BAX, DEPO TEMASEK HOLDINGS Top new buys: ASLN Top exits: KRE, JPM, BAC, WFC, MS, GS, SENS, RDUS Boosted stakes in CTL, HDB, PYPL, V, GPN, MA, PTLA, DWDP, WP, AVGO Cut stakes in VIRT, AMRS, NETS, AMZN, BABA TIGER GLOBAL Top new buys: UXIN, COUP, ADBE, GDS, HUYA, PVTL, DOCU, NEW, CDAY Top exits: EHIC, SINA, ARCC, UAL Boosted stakes in TWTR, FB, NOW, MELI, RUN, BABA, SE, APO, CRM, ADSK Cut stakes in RDFN, JD, TDG, MSFT THIRD POINT Top new buys: NXPI, PYPL, V, CPB, DE, FPAC, EGN, PVH, CWH Top exits: GOOGL, ICE, MHK, PAGS, ANTM, GGAL, GRBK, PAM, BKI, SUPV Boosted stakes in MSFT, ADBE, EA, MPC, UTX, DWDP, CRM, SHY, DOV Cut stakes in BLK, WP, STZ, FB, LEN, WYNN, SPGI, SHW, VMC TRIAN Top new buys: NVT Boosted stakes in BK, GE, MDLZ Cut stakes in PNR, WEN, SYY Activist investor Trian takes new stake in undisclosed company TUDOR INVESTMENT Top new buys: AVHI, HD, CHFN, SHPG, VZ, FFKT, LHO, FBNK, NKE, ANDV Top exits: SPB, SBUX, DLTR, DECK, DXC, MSI, PEP, AIG, SPGI, IR Boosted stakes in PF, FOXA, TGT, TJX, BIDU, COL, AAPL, AET, JPM, CMCSA Cut stakes in SPY, NXPI, AMZN, C, WBA, MU, PAGS, BKNG, PDCO VALUEACT Top new buys: UFI, LIND, STRA, AES, EVA Boosted stakes in C, SLM, ADS, BHC, STX, AFI, MS Cut stakes in FOX VIKING GLOBAL Top new buys: GE, DWDP, MIDD, TMUS, ILMN, HBI, OLN, PTEN, CNC Top exits: WFC, ADS, TDG, WDC, VOYA, XEC, CVS, MOMO, NTES, CLR Boosted stakes in UTX, DIS, TMO, PE, AMZN, HIG, BMRN, MSFT, LNC, ANTM Cut stakes in XRAY, GOOGL, TD, FB, CP, NFLX, EFX, V, BUD, ADSK YORK CAPITAL Top new buys: NVT, CNC, USG, PRSP, T, ATUS Top exits: GRA, SHPG, EVHC, WHR Boosted stakes in NXPI, XL, FMC, ESRX Cut stakes in TRCO, AABA, AVGO Source: Bloomberg