Here's What Warren Buffett Has Been Buying and Selling
Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B), the conglomerate led by Warren Buffett, recently released its quarterly SEC filing that reveals the latest activity in the company's closely watched stock portfolio. Here's what you need to know about the recent additions and subtractions from the Oracle of Omaha's stock investments.
The only unexpected addition to Berkshire's portfolio during the second quarter was Synchrony Financial (NYSE: SYF). Berkshire reported a stake of roughly 17.5 million shares as of June 30, worth a little more than half a billion dollars.
Buffett hasn't yet said why he bought shares of the store credit card issuer, but he's had a generally bullish view of the financial industry lately, so it isn't necessarily a surprising addition. Plus, Synchrony had fallen by about 18% so far in 2017 (excluding any reaction to Buffett's purchase), so it's possible that Berkshire saw the shares as "cheap."
Source: Fool.com
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