Warren Buffett Just Gave Investors a $46 Million Warning About the Stock Market
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently gave investors an updated look at its widely followed stock portfolio as of the end of the fourth quarter, and some of the moves weren't surprising. For example, many investors expected that Warren Buffett and his team might trim the company's massive Bank of America investment, and the company sold some shares of DaVita in order to keep its stake below its desired 45% level.On the other hand, there were a few surprises. At the top of the list was Berkshire's sales of two S&P 500 index funds. Berkshire had owned shares of the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) since late 2019, but both positions have been completely closed out.This is just the latest in a string of stock sales by Berkshire. The company made headlines earlier this year when it unloaded a large portion of its massive Apple investment and several other stocks. In fact, Berkshire's cash stockpile swelled to $325 billion at the end of the third quarter from about $157 billion a year earlier.Continue reading
Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) recently gave investors an updated look at its widely followed stock portfolio as of the end of the fourth quarter, and some of the moves weren't surprising. For example, many investors expected that Warren Buffett and his team might trim the company's massive Bank of America investment, and the company sold some shares of DaVita in order to keep its stake below its desired 45% level.
On the other hand, there were a few surprises. At the top of the list was Berkshire's sales of two S&P 500 index funds. Berkshire had owned shares of the Vanguard S&P 500 ETF (NYSEMKT: VOO) and the SPDR S&P 500 ETF Trust (NYSEMKT: SPY) since late 2019, but both positions have been completely closed out.
This is just the latest in a string of stock sales by Berkshire. The company made headlines earlier this year when it unloaded a large portion of its massive Apple investment and several other stocks. In fact, Berkshire's cash stockpile swelled to $325 billion at the end of the third quarter from about $157 billion a year earlier.
