Warren Buffett’s Berkshire Hathaway (BRKB) remained a net seller of stocks in the third quarter, selling aggressively into strength as the stock markets rose.
Investors already know that billionaire investor Buffett sold two of his largest and long-held holdings in Q3: Apple (AAPL) and Bank of America (AAPL). More details about Buffett’s stock purchases and sales last quarter are expected to come in a 13F regulatory filing due late Thursday.
Warren Buffett Remains A Net Seller Of Stocks
In Q3, Berkshire sold a net $34.6 billion worth of publicly traded stocks. The Buffett-led conglomerate bought $1.5 billion of stocks while selling $36.1 billion.
All told, Buffett has been a net seller of stocks for eight consecutive quarters.
Buffett was asked at a May annual shareholders meeting why Berkshire was maintaining its massive cash position — now $325 billion — rather than deploying it. Buffett replied: “I don’t think anybody sitting at this table has any idea of how to use it effectively, and therefore we don’t use it. … We only swing at pitches we like.”
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Berkshire’s Q2 Stock Buys, Sells
Among notable moves a quarter earlier, Berkshire Hathaway bought Ulta Beauty (ULTA) and Heico (HEIA), a jet engine supplier, for the first time.
Among other Q2 trades, Berkshire nearly halved a massive position in Apple stock and cut Chevron (CVX) as well. Over that period, Berkshire grew its stake in Occidental Petroleum (OXY), according to filings tracked by whalewisdom.com.
Apple remains among Berkshire’s biggest holdings. Buffett still owns 300,000 shares.
Berkshire Hathaway Stock Portfolio
Investors track Berkshire Hathaway’s stock portfolio because of its superior long-term returns. Changes are notable because Warren Buffett tends to hold stocks for years or even decades.
News of a Buffett stock buy or sell can have big impact. Ulta Beauty stock surged in mid August after a 13F filing showed Berkshire had opened a position in the beauty retailer.
Class B shares of Berkshire Hathaway were almost unchanged on the stock market today. Berkshire stock slumped below the 50-day moving average in early November on disappointing Q3 earnings.
But BRKB stock has now regained the 50-day line. It is up 31% so far this year.
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