Just caught up with what some of the biggest money managers have been doing with their portfolios lately, and it's pretty interesting to see where they're putting their cash.

So I went through the Q4 moves of around 10 major investors — we're talking Warren Buffett, Bill Ackman, Chuck Akre, Howard Marks, Pat Dorsey and a few others. The positions they're adding and trimming tell you a lot about where they think value is hiding right now.

What's wild is how much conviction some of these guys still have in mega-cap tech. You'd think after all the recent moves in stocks like Meta and Nvidia, maybe they'd be taking profits. But nope, some are actually doubling down. Makes you wonder if there's something the broader market is still sleeping on.

Here's the thing that caught my attention — a lot of these investors cut their teeth on companies that had their IPO in 1993 and earlier, back when finding quality was actually hard. Now they're applying those same principles to today's market, which feels different but the discipline is the same.

The video I was watching broke down exactly which stocks they bought versus which ones they dumped. Netflix is a perfect example of what happens when you actually hold quality long-term — if you'd thrown $1,000 at it back in December 2004 when the pros flagged it, you'd be sitting on over $415,000 today. Nvidia's even crazier — same $1,000 in April 2005 turned into $1.1 million plus.

The data shows these picks beat the S&P 500 by a massive margin — we're talking 889% average returns versus 193% for the broader market. That's the kind of outperformance that actually matters when you're thinking long-term.

If you're curious which stocks are on the radar right now, there's a whole list of the top 10 picks that made the cut. Worth digging into if you're serious about where to put your money in this environment. The community of individual investors who follow this stuff tend to do their homework, so it's worth paying attention to what's resonating.