2022 Q3 Smart Money Report

Largest fresh entries initiated this quarter by dollar value.

Fund	Stock	Value	Weight	Conviction
BROOKFIELD Corp /ON/	CHENIERE ENERGY PARTNERS L P	$5.4B	+20.1%	98
MANUFACTURERS LIFE INSURANCE COMPANY, THE	SHSHIFT4 PMTS INC	$4.2B	+2.9%	83
BERKSHIRE HATHAWAY INC	TAIWAN SEMICONDUCTOR MANUFAC	$4.1B	+1.4%	74
MANUFACTURERS LIFE INSURANCE COMPANY, THE	BEBENTLEY SYS INC	$3.4B	+2.4%	83
MANUFACTURERS LIFE INSURANCE COMPANY, THE	ALALARM COM HLDGS INC	$2.8B	+1.9%	73
DODGE & COX	GSK PLC	$1.7B	+1.3%	73
Elliott Investment Management L.P.	TRIPLE FLAG PRECIOUS METAL	$1.6B	+16.9%	99
GQG Partners LLC	LAM RESEARCH CORP	$1.4B	+4.0%	88
Pacer Advisors, Inc.	UNUNITED STATES TREAS BILLS	$1.3B	+8.8%	98
Blackstone Inc.	COREBRIDGE FINL INC	$1.3B	+4.6%	88

Positions completely sold this quarter, ranked by previous value.

Fund	Stock	Previous Value
MANUFACTURERS LIFE INSURANCE COMPANY, THE	COCOUPA SOFTWARE INC	$3.4B
Parallax Volatility Advisers, L.P.	WOWORKDAY INC	$3.3B
DODGE & COX	GSGSK PLC	$3.2B
Carlyle Group Inc.	ATOTECH LTD	$3B
Parallax Volatility Advisers, L.P.	APApollo Commercial Real Estate Finance Inc	$2.2B
GQG Partners LLC	NEWMONT CORP	$2.1B
Parallax Volatility Advisers, L.P.	GSGSK PLC	$1.5B
Parallax Volatility Advisers, L.P.	RHRH	$1.5B
GQG Partners LLC	ALIBABA GROUP HLDG LTD	$1.4B
Pacer Advisors, Inc.	UNUNITED STATES TREAS BILLS	$1.3B

Funds increasing positions into price weakness - contrarian conviction.

Fund	Stock	Position Increase	Price Drop	DD Score
Parallax Volatility Advisers, L.P.	ISHARES TR	+686.6Kx	-8.3%	570,666,280
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	ALCOA CORP	+80.7Kx	-25.4%	205,325,093
Parallax Volatility Advisers, L.P.	ISHARES TR	+1.1Mx	-1.3%	151,025,231
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	GOODYEAR TIRE & RUBR CO	+174.0Kx	-7.6%	131,841,410
DEUTSCHE BANK AG\	CAPITAL SOUTHWEST CORP	+117.3Kx	-7.0%	81,530,151
CAPSTONE INVESTMENT ADVISORS, LLC	SNAP INC	+30.1Kx	-27.0%	81,274,422
UBS Group AG	PROFRAC HLDG CORP	+40.6Kx	-19.3%	78,120,755
CANADA PENSION PLAN INVESTMENT BOARD	IRON MTN INC DEL	+86.8Kx	-8.0%	69,652,231
EARNEST PARTNERS LLC	FLOWSERVE CORP	+46.3Kx	-14.4%	66,723,510
CENTERSQUARE INVESTMENT MANAGEMENT LLC	DIAMONDROCK HOSPITALITY CO	+70.3Kx	-8.7%	61,053,884

The positions funds are most committed to this quarter.

Fund	Stock	Type	Value	Conviction
POLEN CAPITAL MANAGEMENT LLC	ALPHABET INC	Increased	$2.7B	100
COATUE MANAGEMENT LLC	TESLA INC	Increased	$940.6M	100
Capital World Investors	TESLA INC	Increased	$23.9B	100
Mawer Investment Management Ltd.	ALPHABET INC	Increased	$900M	100
BAMCO INC /NY/	TESLA INC	Increased	$4.6B	100
FLOSSBACH VON STORCH SE	ALPHABET INC	Increased	$1.8B	100
Himalaya Capital Management LLC	ALPHABET INC	Increased	$292.7M	100
PRUDENTIAL PLC	VANGUARD SCOTTSDALE FDS	Increased	$2.2B	100
H&H International Investment, LLC	ALPHABET INC	Increased	$482.7M	100
HARRIS ASSOCIATES L P	ALPHABET INC	Increased	$3.3B	100

Top 5 winners and losers by estimated P&L.

Top Winners

GPAEFSteward Partners Investment Advisory, LLC

+532x

JDJDZGUBS Group AG

+384x

WINGBLACKROCK ADVISORS LLC

+332x

NVDABLACKROCK ADVISORS LLC

+296x

GSIWJANE STREET GROUP, LLC

+197x

Top Losers

VCIGCITADEL ADVISORS LLC

-100.0%

EVFMPentwater Capital Management LP

-100.0%

WLWLGSFCITADEL ADVISORS LLC

-100.0%

FRGTSUSQUEHANNA INTERNATIONAL GROUP, LLP

-100.0%

GMBLSUSQUEHANNA INTERNATIONAL GROUP, LLP

-100.0%

Stocks where members of Congress AND institutional investors both bought — disclosed in Q1 2026. 73 stocks overlapped this quarter.

Stock	Congress	Funds
WATWATERS CORP	2 members	275 funds
AZNASTRAZENECA PLC	2 members	272 funds
TSLATESLA INC	3 members	228 funds
WELLWELLTOWER INC	2 members	227 funds
HBANHUNTINGTON BANCSHARES INC	1 members	225 funds
EXEEXPAND ENERGY CORPORATION	1 members	203 funds
PFEPFIZER INC	1 members	202 funds
GOOGALPHABET INC	4 members	198 funds
TSMTAIWAN SEMICONDUCTOR MANUFAC	4 members	192 funds
KVUEKENVUE INC	3 members	184 funds