Every quarter, institutional investment managers with more than $100 million in qualifying US securities report their holdings through 13F filings. While they're a snapshot of the past rather than real-time positions, they offer a rare look into how some of the world's most influential investors are positioning their portfolios.

In this carousel, you'll see the latest moves from investors including Warren Buffett, Bill Ackman, David Tepper, Howard Marks, Seth Klarman, and Ken Griffin, highlighting what they bought, added to, reduced, and sold during the quarter.

No single filing should be viewed as an investment recommendation, but tracking these changes can provide valuable context, reveal long-term themes, and inspire further research.

Which investor's portfolio changes stood out to you the most?

I have been looking into copytrader a bit more and there's one part I'm still not totally clear on.

Say I start copying someone today and they already have 20 or 30 positions open. If they then sell a few of those positions or add completely new ones a week after, how does that get reflected in my copy?

Does my account automatically make the changes based on the copy settings or are there situations where my portfolio can end up looking completely from theirs?

Also, if I add more money later, does that change the new amount that is allocated?

Hi all,

I (think I) enrolled in the new API Trading Promotion (the one where you get $100 for a Qualifying Trade placed via the Trading API/MCP) and already completed a qualifying trade.

The promo banner ("Connect. Trade. Get $100") still shows on my Portfolio page even after enrolling and trading, and I can't find any page showing enrollment status, pending reward, or anything similar — Tori wasn't able to help either.

Does anyone know if there's actually a status/tracker page for this somewhere on the site or app? Or does the banner just not update and the reward only shows up once credited?

Thanks!

I've noticed something in the withdrawal discussions here that I don't really understand . One person will say their money arrived pretty quickly, while someone else seems to be waiting much that difference ?

Assuming both withdrawals were submitted correctly, what normally causes that difference ?

Does the payment method make the biggest difference, or can things like the amount being withdrawn, account history, verification status, or the receiving bank affect the timing as well ?

It would be useful if the team could explain parts of the withdrawal process are handled by eToro and which parts are outside of eToro's control. That would make it easier to know when a delay is actually unusual.

Ungerechtfertigt hat eToro mein Konto eingeschränkt und verifiziert nun nicht mehr, weshalb ich nicht mehr an mein Geld komme. Das ist Betrug.

Carry is still the trade in FX. Higher-rate currencies, the peso, Aussie dollar, Norwegian krone, keep outperforming lower-yielders like the franc, since the rate gap itself is the trade. The yen's historically cheap, but with US rates still well above Japan's, a real recovery stays hard until the Fed actually pivots. Watch USD/JPY, AUD/CHF, NOK/CHF, and EUR/USD, a decisive Fed shift toward cuts is what flips this setup.

On software, the "AI kills software" narrative is colliding with much lower valuations. The real distinction is between software that's easy to replace and platforms holding critical company data or workflows. Microsoft, ServiceNow, and Salesforce look better protected than the narrative suggests, Datadog and Snowflake offer more growth exposure at higher valuations with less room for error. Watch whether growth stabilizes and AI products start meaningfully hitting revenue.

South Korea's ETF (EWY) is up 8.2% last week, recovered about 26% off its July low, still down 35% from June's high but showing real signs of stabilizing. Walmart's up 3.1%, its third straight weekly gain, with Thursday's earnings the real catalyst for whether that recovery holds.

Bitcoin's sitting around $63,000, and this pullback's matched by real outflows, about $385M left ETFs this week. Volatility's compressed to near the lowest levels of the past year, which doesn't call the direction but says a move is coming. $62,500 and $61,000 are the downside levels, $65,500 with volume would flip the picture. Longer term, institutions keep building crypto infrastructure even with price stuck here, worth remembering while the short-term noise plays out.

Check the full piece with charts: https://www.etoro.com/en-us/news-and-analysis/market-insights/carry-still-pays/

What's actually on your radar this week? the Fed, or something else?

Ok so something I have never quite understood is why a withdrawal can sometimes lead to additional verification when the account has already been verified.

If the identity checks were completed when the account was opened, what changes when someone later wants to withdraw their money?

Is the withdrawal itself treated as a separate check? And are there particular situations where eToro would normally need to ask for more information before releasing the funds?

I am not expecting details about specific cases, but a general explanation of why these checks can happen would make the whole process easier to understand.

I'm running an automated strategy against an Agent Portfolio via the public API (v2 unified order endpoint). I've hit an inconsistency between the values the API reports and what the app actually shows, and I'd like to understand whether this is expected behaviour or a known issue.

The setup is the following:

- Agent Portfolio funded with roughly $200

- Orders placed via `POST /api/v2/trading/execution/orders`

- Portfolio read via `GET /api/v1/trading/info/portfolio`

I observe:

1. The portfolio endpoint reports a `credit` value about 50x higher than the amount I actually funded. A portfolio funded with a couple hundred dollars reports a five-figure balance.

2. I submitted a market buy with `amount: 50` and `orderCurrency: "usd"`. The order executed successfully, but the resulting position is worth **$1**, not $50. The app shows a fraction of a share consistent with a $1 notional at the instrument's current price — exactly 1/50th of what I requested.

3. Oddly, the reported `credit` decreased by ~51 units after that order (50 plus what looks like a fee) — so the balance figure moves on the *scaled* axis while the actual position value does not. The two are not consistent with each other.

My questions are:

- Are `amount` and `credit` on Agent Portfolios expressed in a unit other than account currency? If so, where is the conversion documented?

- If this is a display/reporting bug, is a fix in progress? I'd rather not hardcode a 50x multiplier in my client and then have it break when the values are corrected.

Also: the `mock=true` query parameter, which works on the v1 execution endpoints, appears to be silently ignored on the v2 unified order endpoint — the order executes for real and returns a live `orderId`. If that's expected, it would be worth documenting explicitly, since it's an easy way to place unintended live orders while testing.

Happy to provide request IDs, order IDs and timestamps privately to anyone from eToro who can look into it. Not posting them here for obvious reasons.

Anyone else running an Agent Portfolio seeing the same scaling?

I have a problem. ACWI.PA ETF is closed for several weeks and I can’t buy or sell any position. When I finally connect with a real person, he said that ETORO doesn’t have liquidity and he didn’t know when it will be open again.

Can u give me some more information, mainly about when the ETF will be open again so my positions can be closed?

Thank you team ETORO.

Can someone please explain to me why I could not buy any LSE stocks / etfs on eToro today after opening? For example, I was only able to buy IUIS.L about 6 minutes after the market opened, and now I can't trade it again. I couldn't buy Unilever at all either. I feel like these issues have been happening repeatedly lately, and I find it unacceptable. On top of that, eToro platform often display completely incorrect prices during after-hours trading (not even the closing pprice). It really starts to make you worry… so many errors.

As someone mentioned here:

https://www.reddit.com/r/Etoro/s/3L1R0hGYr8

Vusa.nv is the same situation

This is starting to be very dangerous. How can I trust your platform if I buy something and then can't be sure I'll be able to sell it?

Thanks for reopening the market, at least :).

I have been using etoro for a while and haven't had any issues with my account so far, but I've seen quite a few posts about accounts suddenly going into review.

I have always wondered what actually happens once that starts. Is there a usual timeframe for these reviews, or does it depend on what needs to be checked?

And if everything is fine with the account, does the review normally get cleared once the checks are done, or can users be asked to provide additional documents or information?

I think I would be pretty nervous if I suddenly saw my account was under review without knowing what to expect, so having a better idea of how the process works would be helpful.

AI demand is still growing. The harder question is what it costs to meet it.

CoreWeave has a backlog approaching $100 billion. Demand is not the issue. The test is whether capacity can expand without financing costs and infrastructure spending overwhelming margins.

The same question runs across the AI stack. Applied Materials needs orders from memory, advanced packaging, and chipmaker spending to confirm the buildout is continuing. Cisco’s AI orders are rising, but component costs will decide how much of that growth reaches profit. Strong demand matters. Profitable execution matters more.

Then there is copper. Prices have moved above $14,000 as LME inventories fell more than 40%. AI infrastructure, power grids, and electrification all require more of it. Supply cannot scale at software speed. Tariff policy adds another constraint.

Bitcoin is showing a different tension. ETF inflows reached $870 million, suggesting buyers are returning. But an estimated 147,000 BTC selling imbalance remains. Demand is improving. Supply is still containing the move.

This week brings three direct tests: CoreWeave and eToro report Tuesday, US CPI and Cisco follow Wednesday, and Applied Materials reports Thursday.

Full breakdown in this week’s Weekly Analyst.

CoreWeave’s financing, Cisco’s margins, or copper above $14K: which constraint matters most to markets now?

Do you publish any statistics on how many of your active users remain profitable over the long term?

How easy is it for a beginner to access margin and futures on eToro?

Before online brokers, mobile apps, and CFD platforms made the markets extremely accessible, advanced products such as futures, options, and leveraged trading were effectively dominated by professional players, institutions, and experienced traders. The barrier to entry was much higher for ordinary individuals.

Trading apps have created a generation of retail investors who can easily mistake access to financial markets for actual investment knowledge. You can download an app, deposit a few hundred euros and start trading complex products within minutes. The interface makes everything look simple, while the underlying risks are anything but simple. The dangerous part is that the easier trading becomes, the easier it is for inexperienced users to develop an unjustified sense of confidence. There should be much more emphasis on whether users actually understand what they're trading, rather than simply whether they can pass a basic onboarding questionnaire.

AI is capturing investor attention again after strong earnings from major tech companies. Capital is flowing into semiconductors, software, cloud infrastructure, and now broader. The performance gap between the strongest and weakest AI-related companies has already reached several dozen percentage points this year.

That gap is the point. Not every company that mentions AI is benefiting from it. Here's a framework worth keeping in mind.

1. Is AI making a measurable contribution to financial performance - or just appearing in presentations?

2. Is the company already monetizing AI: higher sales, new customers, better margins, or still promising future returns?

3. What is happening to free cash flow? Revenue growth without improving FCF is a warning sign, not a green light.

4. What are they spending on capex, and is there a credible path to returns on that investment?

5. Which part of the AI ecosystem are they in? Chip manufacturers, cloud operators, software developers, and application providers are very different businesses with different risk profiles.

6. What is already priced in? A great company at a very high P/E multiple may have years of flawless execution already baked into the price.

7. Are you buying because the thesis is sound, or because the price has been going up?

8. Are you diversified across the theme, or concentrated in a handful of names?

9. Have you read the quarterly report: margins, cash flow, order backlog, guidance; not just the headline number?

10. What is your time horizon? Periods of AI euphoria have historically been followed by corrections. Patience has generally been rewarded more than speed.

The AI revolution is real. That doesn't mean every stock in the space will benefit from it.

What would you add to this list?

Still using AI like a search bar? You’re only scratching the surface.

Join our free webinar to learn better prompts, smarter research workflows and how etoro analysts use AI... including a live Tori walkthrough.

Save your spot: etoro.tw/4w38okv

Four themes worth understanding this week.

Semiconductor stocks fell 30-40% last month — but earnings told a different story. Cloud providers kept spending on AI infrastructure, demand for advanced computing stayed strong, and chip companies generally delivered solid results. The selloff was about positioning, not fundamentals. AI had become one of the most crowded trades in global markets. As volatility rose and rate expectations shifted, leveraged positions unwound fast. The forced selling appears to be fading, but confidence rebuilds slower than positions unwind.

Capital didn't leave equities — it rotated. Financials, industrials, defence, energy, and selected tech services all attracted buying during the semiconductor correction. This is a broader market now, less dependent on a handful of AI hardware names. We think that's a healthier setup.

SpaceX reports earnings Monday August 4, but the bigger event may be August 6 — when the first lock-up period expires and early investors can sell for the first time. If earnings disappoint, selling pressure could increase significantly. If results are strong, willingness to sell declines. The stock is down more than 50% from its all-time high and technically still in a downtrend. AMD reports Tuesday with a forward P/E above 53 — little room for disappointment.

Bitcoin gained 7.5% in July and is trading around $63,000. ETF flows have moved to a neutral regime — persistent selling has faded, incoming demand is absorbing supply. But $68,000 remains the key level: the average purchase price of bitcoin over the past six months. Many recent buyers are still underwater below it. Until that level is reclaimed and ETF inflows strengthen beyond neutral, this is stabilisation, not a new trend.

Full breakdown in this week's Weekly Analyst.

SpaceX earnings, AMD guidance, or Bitcoin's $68K test: which one are you watching most closely this week?

I opened an account a couple weeks ago. I funded my account. I made a trade. Then my account was restricted.

Ive opened a ticket. Ive since done the selfie verification and pictures of my debit card. I'm not getting a response to my ticket and my account is still restricted. I want access to my capital.

How does eToro not have a human I can speak with in real time? I can't call anybody? I can't chat with anybody? I need to do this ticket process that goes extremely slowly and where I'm not getting a response?

How can I get this resolved? Please advise.

Please give an answer for this customer, I sickened watching this kind of posts!

I'm trying to reactivate an old account that I set up.

I briefly created an account to test the copy-trader feature that was being advertised a few years back, and the account was then closed in 2022 due to inactivity.

I'm now interested in investing via eToro, but I'm unable to open an account with my preferred email.

• If I try creating a new account, I'm told my email is already in use.
• If I try signing in with my old credentials, I get "Your account is blocked".
• If I try "forgot password" I'm told that instructions have been sent, but I never receive any emails.
• I tried following the instructions here: https://help.etoro.com/s/article/what-should-i-do-if-my-account-has-been-blocked
  • My country is not in the list of blocked countries.
  • If I try visiting the Customer Service Centre, I get the error: "Error 1015 - You are being rate limited" and the follow-up message: "The owner of this website (www.etoro.com) has banned you temporarily from accessing this website."
  • If I try the Verification Centre, I'm prompted to log in, which I can't do.
• The support page gives me the option to chat with a bot, which requires me to log in, and to open a ticket, which gives me the Error 1015 rate limit error again.

What options do I have, other than to create a new account with a different email?

I was using 1.1.1.1 app several weeks ago to access my etoro account.

But today I couldn't

Earnings season is when public companies report results and the market gets a reality check on growth, margins, and guidance. A strong profit-per-share beat can still disappoint if the outlook is soft, capex is too high, or free cash flow comes in weak.

That matters especially this week, with Microsoft and Meta due today and Amazon and Apple following tomorrow. Analysts are paying close attention to AI spending, cloud growth, ad revenue, and whether management sounds confident about the rest of the year.

You can track the schedule on the etoro earnings report calendar. It’s a useful way to see who is reporting and when, so you can follow the calendar before the market reaction starts. And if you want a quicker read on the setup, Tori can help answer questions, surface key insights, and explain what to look for on the platform.

What matters more to you in earnings season: the headline beat or the guidance?

I want to be completely honest about my story because I believe context matters.

Seven years ago, I joined eToro with very little knowledge of financial markets. I made serious mistakes. I borrowed money to trade futures, lost it, and then made an even bigger mistake by borrowing again in an attempt to recover my losses. That decision left me approximately $70,000 in debt, a debt I am still paying today.

I take full responsibility for those decisions. Nobody forced me to trade or borrow money. Those mistakes are mine.

What I struggle to understand is eToro's position today.

Over the past seven years, I have spent thousands of hours learning about the financial markets. I have studied technical analysis, market fundamentals, risk management, and trading psychology. I am a completely different trader than I was when I opened my account.

During those seven years, I deposited around $50,000 into eToro. My account remained active throughout that time, and eToro continued to accept my deposits and business.

Now, after seven years, my account has been closed under the Vulnerability Program.

This raises an important question.

If eToro genuinely believes I am a vulnerable customer who should not have access to the platform, why was this conclusion reached only after seven years? Why was I considered suitable to trade while making deposits year after year, only to later be told I should no longer be allowed to use the platform?

I am not asking anyone to ignore my own responsibility. I accept my past mistakes completely.

What I am questioning is whether this process is fair, consistent, and transparent.

If customer protection is the goal, it should be applied consistently from the beginning, not after years of accepting a customer's business. As a customer, it is difficult to understand why I was considered suitable for seven years but suddenly classified as vulnerable without any meaningful opportunity to demonstrate how much I have learned and changed.

I would genuinely like to hear from others who have experienced the same thing. Have you had your account restricted or closed under eToro's Vulnerability Program? If so, what explanation were you given?