Warren Buffett's Berkshire Hathaway Sold $7 Billion Worth of Stock Last Quarter but Bought 1 Mystery Stock
Warren Buffett doesn't have a big appetite for a lot of stocks lately. Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) most recent quarterly report indicated that Buffett and his team sold $7 billion worth of equities and bought just $1.7 billion of stocks. Meanwhile, Buffett now oversees a record cash pile of $157 billion, the vast majority of which he's put to work in short-term U.S. Treasuries.
While investors already knew some of what Buffett and his team have been selling in Berkshire's portfolio based on the company's third-quarter report and other filings with the Securities and Exchange Commission (or SEC), we finally got a glimpse of the exact changes they made last quarter with its 13F filing disclosing the company's holdings as of the end of September.
Well, almost all of the changes.
Source Fool.com
Berkshire Hathaway Inc. A Stock
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