iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,566 Blog Posts

Buffett Makes Some Extraordinary Moves — Dumps America

You can clearly see what he’s thinking here. Ponder these two moves.

Liquidated positions:

Berkshire closed the following positions: $DAL (from ~71.89 mln shares), $LUV (from ~53.64 mln), $AAL (from ~41.91 mln), $UAL (from ~22.16 mln), $OXY (from ~18.93 mln), $QSR (from ~8.44 mln), $GS (from ~1.92 mln)

New positions:

GOLD (~20.92 mln shares)

He also reduced positions in the following:

WFC (to ~237.58 mln shares from ~323.21 mln shares), SIRI (to ~50 mln from ~132.42 mln), JPM (to ~22.21 mln from ~57.71 mln), BK (to ~72.36 mln from ~79.77 mln), PNC (to ~5.35 mln from ~9.2 mln), MTB (to ~4.54 mln from ~5.38 mln), V (to ~9.99 mln from ~10.56 mln), MA (to ~4.56 mln from ~4.93 mln), CHTR (to ~5.21 mln from ~5.43 mln)

Interestingly, Bill Ackman added to QSR and dumped his stake in BRK.

If you enjoy the content at iBankCoin, please follow us on Twitter

2 comments

  1. bambam

    You neglected to mention July and August massive buys of BAC stock.
    Airlines.. who knows how that pans out right?

    Ackman is the dope who on CNBC… cried like a baby while in a short position and then went long? You mean that drama queen who should do some time in pound me in the ass prison? F him. Guy always has an agenda for what he’s doing and it’s always selfish. Why can’t COVID get some of these d-bags

    • 1
    • 0
    • 0 Deem this to be "Fake News"