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