Berkshire Hathaway Was Net Seller of Stocks in the Second Quarter

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Aug 04, 2012
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, Financial)(BRK.B, Financial) bought $5.2 billion of stocks. In the first quarter Berkshire bought 7 million shares of Wal-Mart (WMT, Financial), 10 million shares of Wells Fargo (WFC, Financial), 6 million shares of Davita (DVA, Financial) and 10 million shares of GM (GM, Financial). 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.