|New Threads Only:|
|New Threads & Replies:|
Forum List » Guru News and Commentaries|
Guru News, Stock picks and commentaries
Berkshire Hathaway Was Net Seller of Stocks in the Second Quarter
Posted by: GuruFocus (IP Logged)
Date: August 4, 2012 04:22PM
Berkshire Hathaway, the investment company of Warren Buffett, just filed its second quarter results. Going through the report, we found that Berkshire bought $1.8 billion of stocks while selling $3 billion of stocks in the second quarter. Berkshire was a net seller of $1.2 billion in stocks in the second quarter.
This is the link to Berkshire’s second quarter report.
For the first 6 months of the year, Berkshire (BRK.A)(BRK.B) bought $5.2 billion of stocks. In the first quarter Berkshire bought 7 million shares of Wal-Mart (WMT), 10 million shares of Wells Fargo (WFC), 6 million shares of Davita (DVA) and 10 million shares of GM (GM). GM is a new position for Berkshire. The details of the first quarter purchases are here.
Berkshire’s second quarter purchases will be reported in less than two weeks. We are hosting a quarterly contest for Buffett fans to guess which stocks he bought in the second quarter. You can input your guesses by following this link.
For the first 6 months, Berkshire sold $3.8 billion of stocks. Most of the sales were done in the second quarter.
It seems that Berkshire investors Tom Comb, Ted Weschler, and Buffett himself are finding fewer opportunities in stock market.
This is the details of Berkshire’s recent purchases.
Guru Discussed: Warren Buffett: Current Portfolio, Stock Picks
Stocks Discussed: BRK.A, BRK.B, WMT, WFC, DVA, GM,
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.