Warren Buffett was net seller last quarter

Comments?

Comments on Warren Buffett's actions last quarter?

https://www.barrons.com/amp/articles/berkshire-hathaway-holdings-news-51629509250

 

,, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing. ''

That's like 0.2% ~ of BRK holdings atm.

 

Sure.

Personally, I like to examine possible ideas behind the buys and sells.

However, I know a few sharp people have ideas based on his cash board, though Buffett has addressed this as well has his general investing philosophies, more than a few times.

Looking to learn from responses.to my question.

Thank you for your reply.

 

Could you summarize the article. I can't read it due to no subscription.

 

Buffett’s Berkshire Still Isn’t Buying. Here’s What It Sold.
By Andrew Bary Updated Aug. 21, 2021

Illustration by Elias Stein

If you’ve been waiting for Berkshire Hathaway to spend a decent chunk of its $144 billion in cash and equivalents on an acquisition, you’ll have to wait a little longer—maybe a lot longer. Not only did Berkshire fail to make a significant purchase in the second quarter, but CEO Warren Buffett and his investment lieutenants, Todd Combs and Ted Weschler, were net sellers of about $1 billion of stocks in the period, according to the company’s latest 10-Q filing.

Berkshire pared its stakes in three drug stocks— AbbVie , Bristol-Myers Squibb, and Merck —all acquired in 2020. The company also sold seven million General Motors shares in the quarter, cutting its holding to 60 million shares, now worth $3.2 billion. Berkshire trimmed its Chevron position slightly, and added to its stake in grocer Kroger .

There were no changes in its two largest holdings. The company’s Apple stake held steady at 887 million shares, now worth $134 billion, and Bank of America stood at 1.01 billion shares, worth $41 billion. Berkshire’s total equity holdings topped $300 billion as of June 30.

As for its own shares, Berkshire was a buyer, scooping up about $6 billion of stock in each of the past two quarters, or about 1% of the shares outstanding in each period.

And it wasn’t the only buyer; both share classes are up about 25% this year, ahead of the S&P 500 index’s total return of about 20%.

 

Nicely done.

 

Maybe he can buy another industrial/chemical/Bank that will underperform like the rest of his portfolio minus AAPL.

 

That's something I didn't know...33% of Birkshire equity holding is Apple. Quite substantial.