3 Financial Stocks Buffett Recently Trimmed

Legendary investor Warren Buffett and his company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently reported their 13F filing, which shows what stocks Buffett and Berkshire were buying and selling during the third quarter of the year. Investors are always excited to get a peek inside the brilliant minds of Buffett and other stock pickers at Berkshire, given how much success both have had in the world of investing.

One noticeable finding from the quarter is that Buffett continued to sell financials -- a trend that began during the pandemic and appears to be occurring still. Here are three financial stocks Buffett sold in Q3.

Berkshire trimmed its stake in the payment processor Visa (NYSE: V) by about 4.2%, selling roughly 425,000 shares in Q3. Visa seemed to benefit from the pandemic, which greatly accelerated the use of digital payments worldwide. Visa's stock hit all-time highs this year, reaching nearly $250 per share in July. But since then, shares have been trending downward and recently traded around $215 per share, not too much higher than they were prior to the pandemic.

Source Fool.com