To The Moon

Executive Summary

Filed mid-May 2026 · As at March 31, 2026 · Five Investors · One Signal Map

An AI-generated image thanks to Gemini

The Problem

13F filings arrive with a 45-day lag. By the time retail investors read the news, the smart money has already moved. The signal is real — but it needs context to be actionable.

What We Observed

Five investors with radically different styles all filed Q1 2026 13Fs in mid-May. The aggregate picture reveals diverging bets — particularly on Big Tech, energy commodities, and the coming economic cycle.

Key Finding

Buffett is simplifying aggressively (GOOGL in, AMZN/UNH out). Ackman is rotating into MSFT just as Li Lu holds GOOGL steady. Pabrai is doubling down on cyclical hard assets. Nobody is buying the same thing — which is the most interesting signal of all.

What It Means for You

These divergences are a Rorschach test on macro views. Buffett/Li Lu lean on quality compounders. Pabrai bets on commodity cycles. Ackman pivots to AI infrastructure. The “right” answer depends entirely on your macro thesis — and where you sit in the cycle.

Call to Action

Use this brief as a cross-check against your own holdings — not as a buy list. Check where smart money agrees (GOOGL, quality compounders), where it disagrees (tech rotation, energy), and ask: does your current portfolio reflect an informed view, or a lazy default?

This is not a guide but a suggestion before due diligence.

Investor 01

Warren Buffett / Berkshire Hathaway

Investor 02

Li Lu / Himalaya Capital Management

Investor 03

Guy Spier / Aquamarine Capital

Investor 04

Bill Ackman / Pershing Square

Investor 05

Mohnish Pabrai / Dalal Street LLC

Cross-Investor View

Master Comparison: Q1 2026 13F Summary

Through the Asian Lens

1. The GOOGL divergence is a thesis test, not a verdict. Buffett and Li Lu hold or build. Ackman trims for MSFT. This could reflect a disagreement on AI monetisation—search monopoly versus enterprise cloud—or it could simply be portfolio construction at different concentration levels. Both theses are coherent. Neither is wrong. The useful question is: which one matches your view of how AI value actually gets captured?

2. Pabrai’s met coal bet reads differently from Singapore. Western ESG narratives suppress coverage, but India and Southeast Asia’s steel demand isn’t going carbon-neutral this decade. The Global South’s infrastructure phase runs on metallurgical coal for at least another 10 years. This is an Asian logic the Western press systematically under-prices. Whether the cycle timing is right is a separate question.

3. Guy Spier’s zero-turnover is a signal, not a confession. In a quarter where every other manager shuffled, doing nothing is itself an act. BRK + MA + AXP + MCO is financial infrastructure regardless of which tech ticker dominates the news cycle. But remember: 13Fs don’t show cash levels, non-US holdings, or options structures. The disclosed book is still. The full picture may not be.

4. The 45-day lag makes this detective work, not a trade signal. You are reading March 31 positions in mid-May. You do not know what these managers have done since. Use this for framework calibration. Do not use it for execution.

Personally, I use these as references and use the list of new purchases as a research shortlist. I do not know some business sectors well and will avoid those where I lack a circle of competence. The debt backdrop is concerning, with federal, corporate and consumer debts reaching uncomfortable levels. Yet, debt has existed for all markets - bull and bear. What is the tell-tale sign? It is delinquency, defaults and foreclosures. Let us continue to monitor as we allocate some assets for hedging. There is a reason why Berkshire sits on $380++ billion worth of cash on the sidelines. America and the world should hit some infrastructural hurdles in the coming years, and the time to invest is yesterday. Let us do our due diligence and invest wisely.

(This article is compiled with help from my LLM partners Gemini, Grok, Claude and Kimi.)

References & Sources

1. SEC EDGAR 13F Filings — Berkshire Hathaway Q1 2026 (filed mid-May 2026)

2. SEC EDGAR 13F Filings — Himalaya Capital Management Q1 2026

3. SEC EDGAR 13F Filings — Aquamarine Capital Q1 2026

4. SEC EDGAR 13F Filings — Pershing Square Capital Management Q1 2026

5. SEC EDGAR 13F Filings — Dalal Street LLC Q1 2026

6. WhaleWisdom.com — 13F portfolio aggregation and analysis

7. ValuSider.com — Holdings comparison tool

8. SeekingAlpha.com — Berkshire and Pershing Square Q1 2026 analysis

9. Investopedia.com — Berkshire post-Buffett transition commentary

10. HedgeFollow.com — Pershing Square holdings tracker

11. Barron’s — Ackman Hilton exit and UBER reduction reporting

12. Yahoo Finance SG — Pabrai Dalal Street activity

13. Grok (xAI) — Cross-referenced 13F summary used as source input

14. Note: All 13F data reflects positions as of March 31, 2026. Intra-quarter trades, shorts, options, and non-US positions are not captured. Cross-check all data against SEC EDGAR primary filings.

@TigerStars

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