Warren Buffett, Michael Burry, and other elite investors just revealed major changes to their stock portfolios. Here are 5 key trades they made.

In the first quarter of this year, top-flight investors such as Warren Buffet, Michael Burry of The Big Short, and others made significant changes to their stock portfolios, ranging from a huge wager on Chevron to a bet against Apple.

The funds of Ray, Jim, and Stanley made changes to their holdings. The first two bought or sold two of the best-known meme stocks, AMC and GameStop, while the third bet big on energy stocks and made a surprising wager against the S&P 500.

Goldman Sachs lays out the case for investing more of your money in real assets as the stock market crashes.

Here are 5 of the most striking trades in the first quarter:

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The company that sold most of its US stocks in the first quarter of last year returned to the market.

The value of the US stock portfolio of the hedge fund was boosted by 122% thanks to the addition of the likes of Meta Platforms and Discovery.

There were bearish put options against Apple shares. The stock of the iPhone maker has plummeted this year as investors worry about higher interest rates, inflation, and a possible recession.

AP Images / Jason Decrow

Renaissance Technologies slashed its AMC Entertainment stake in the first quarter after doubling down onTesla.

RenTech, founded by a Cold War codebreaker and former MIT math professor named Jim Simons, boosted its stake in the electric car maker by 109% to 1.6 million shares at the end of March.

As of March 31, the hedge fund had a position of 307,000 shares of the video game company.

The stock price of the cinema chain slid 9% in the period. The position's value plummeted by two-thirds.

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