The foundations sold the high school - and it became their main investment. how so? In September, the oil company overtook Saber from first place in fund portfolios for the first time since the beginning of the year. But these are not massive purchases: the number of high school shares in the hands of the administrators decreased, but their value increased. But Gazprom has a different story - it has become a leader in net acquisitions. And the funds' investments are increasingly concentrated in a dozen securities. We examined Euler's research on 154 funds to understand where managers actually directed money, and which portfolio changes occurred without their participation. There are also less clear questions: are purchases of Gazprom shares a bet on the return of dividends and new export prospects, or simply an attempt to keep up with the index? And is it even worth going back after the money? Read more Stock funds have a new favorite. What securities do they buy and sell?