13F Filings Explained: How to See What Hedge Funds Own
Big institutional managers must publish their US equity holdings 45 days after each quarter on Form 13F. Here is what is in it, what is not, and how to read it.
Institutional Flows
Secondaries Hit Record $240B as GP-Led Deals Take Over
Global secondaries volume hit $240B in 2025, a 48% jump driven by GP-led continuation funds. Jefferies sees a $300B run rate within 24 months.
Alphabet’s $80B AI Raise: Largest Stock Sale on Record
Alphabet’s $80B equity raise—$15B common, $15B convertible preferred, $10B from Berkshire, $40B ATM—is the biggest stock sale ever, all to feed AI.
Berkshire’s $6.8B Taylor Morrison Buy: Abel Era Begins
Berkshire Hathaway is buying Taylor Morrison for $72.50/share ($6.8B equity, $8.5B EV) at a 24% premium — Greg Abel’s first big deal as CEO.