1 FAANG Stock Warren Buffett Is Buying Hand Over Fist and Another He's Selling
Just in case you missed it, one of the most important data releases of the quarter occurred on Monday, May 15. Monday marked the deadline for money managers with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a snapshot that allows investors to easily determine what stocks Wall Street's top money managers bought and sold in the most recent quarter (in this instance, the first quarter).
After the closing bell on May 15, Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) 13F hit the newswires and showed an abundance of activity. There are three entirely new positions, four prior holdings that were completely sold, and quite a few adds and subtractions to existing holdings. Perhaps the most notable is what Warren Buffett and his investing lieutenants, Ted Weschler and Todd Combs, are doing with their FAANG stocks.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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