Warren Buffett's Secret Portfolio Just Slashed Its Stake in 2 Longtime Holdings
When Wall Street professionals and everyday investors want to know what one of the world's most successful investors has been buying or selling, all they have to do is pull up Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) latest 13F filing with the Securities and Exchange Commission (SEC).
A 13F is a quarterly filing required of money managers and wealthy individuals with over $100 million in assets under management (AUM). It effectively provides investors with an end-of-quarter snapshot that can be used to determine what top-tier money managers are buying and selling. That can come in particularly handy for investors wanting to ride Warren Buffett's coattails to big gains. Buffett has, after all, outpaced the S&P 500 by a factor of 120 since becoming Berkshire Hathaway CEO in 1965.
Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.
Source Fool.com