Loading ...According to the latest 13F, Howard Buffett’s Berkshire Hathaway not only dumped all his airlines – as we learned previously 0 but has also liquidated huge amounts of its exposure to US banks (exiting Goldman Sachs entirely).
- Berkshire’s JPMorgan Stake Down 62% to 22.2M Shrs
- Berkshire’s Wells Fargo Stake Down 26% to 238M Shrs
- Berkshire trimmed its bet on PNC Financial and M&T Bank as well as Bank of New York Mellon Corp., Mastercard, and Visa.
- Berkshire Exits Goldman stake entirely
My comments:
Besides Barrick, he could start a run on other gold mining shares, probably the larger caps I’d guess and by proxy a selloff on the bank stocks. That money has to go somewhere, just sayin’ 🙂