Smart money is quietly loading 5 stocks
Compared the two most recent 13F windows across the five configured managers — reportDate 2025-12-31 vs 2026-03-31 (filed Feb 17 and May 15 respectively). 882 CUSIPs passed the raw acceleration filter; after the mega-cap, $1B market-cap, $10M ADV, seven-trading-day earnings, and retail-attention rails, five names survive as candidates where slower-moving capital is genuinely accumulating and the tape has not caught up. The most surprising finding: Berkshire tripled its New York Times Class A position (5.07M → 15.15M shares, +199%) — the largest Berkshire percentage add of the quarter aside from a first-time Delta Air Lines stake — and did it while broadly de-risking (nine full exits including Charter, DoorDash, T-Mobile-adjacent Amazon and UnitedHealth). RenTech and Two Sigma leaned in on the same name incrementally, both above +19%.
NYT
The New York Times CompanyBerkshire's Class A stake essentially tripled (5.07M → 15.15M shares), the largest percentage add in the entire Berkshire book this quarter aside from a fresh Delta Air Lines position. The sizing (~$1.1B) fits a Weschler/Combs lieutenant decision rather than Buffett himself, and it comes with RenTech and Two Sigma incrementally leaning in on the same tape. The setup is straightforward: NYT crossed 12M digital subscribers in Q1, ARPU is compounding as bundle attach hits The Athletic and Cooking, and generative-AI content-licensing revenue begins to layer in during H2 pending the OpenAI settlement. Stock has drifted ~12% below the estimated quarter-end aggregate entry, so a patient allocator enters at a discount to where Berkshire built the position.