I go over Berkshire Hathaway’s latest buys and sells in their common stock portfolio each quarter, after their latest 13F is released. I’m a huge fan of Warren Buffett, as are millions of other investors around the world. And so it’s a great honor to see what he’s up to. You can read the excerpt below, which is part of a full article I wrote for Daily Trade Alert. Enjoy!
Warren Buffett’s latest trades were just revealed via the most recent Berkshire Hathaway Inc. (BRK.B) 13F filing, which is a filing that gives us information on all of the transactions that took place over the second quarter of 2020 — the quarter ending June 30 — in the stock portfolio managed by the legendary investor.
This filing can provide some valuable insight into where Warren Buffett thinks the best investments might lie.
Now, it might not make sense to piggyback on his trades and simply buy and/or sell whatever he has because these filings are generally released 45 days after the most recent quarter ended, but it would appear to be an intelligent move to investigate exactly where the most successful investor of all time is (and isn’t) putting his capital to work.
It’s also important to note that Buffett allows two other executives – Todd Combs and Ted Weschler – to authorize smaller transactions, so it’s difficult sometimes to decipher who bought and/or sold what.
Below, I’m going to go over every transaction and give some quick thoughts on each respective company.
Image courtesy of: DonkeyHotey via Flickr.
P.S. If you’d like to achieve financial freedom at a young age, make sure to check out some amazing tools and services I’ve personally used on my way to becoming financially free at 33!
Barrick Gold is an interesting buy considering Buffett has been vocal about gold.
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
With the Fed printing cash gold is a natural hedge. Thought about adding miners to our portfolio, but haven’t pulled the trigger yet.
Jason Fieber says
Right. It’s super interesting to see Berkshire in the mix. It’s a tiny position for them, but it’s still newsworthy.
However, like I noted, it’s highly unlikely that Buffett is behind the move. I’m 99.9% sure it was Combs or Weschler, not that it matters to Berkshire shareholders (it impacts them regardless). And it’s also not the metal itself. It’s a miner, but they will obviously benefit from higher gold prices.
The bigger story was all of the sells, though. They were a huge net seller for last quarter. I think that’s part of the changing of the guard.