Halls of Shrewd'm / US Policy❤
No. of Recommendations: 0
Many interesting sales.
No. of Recommendations: 1
Per CNBC:
Sold 86% of our TSM!
Sold 92% US Banc
Sold some McKesson
Per 13-G:
Sold some ATVI BNY Mellon
Added to LPX
No. of Recommendations: 2
Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), the massive insurance and investment firm built by Warren Buffett, lightened its holdings in some of its traditional banking stocks while loading up on more Apple (NASDAQ:AAPL) shares, according to its latest 13F filing.
The firm also increased its stake in Apple (AAPL) to ~915.6M shares from ~907.6M, its largest equity investment. It also boosted holdings of paper and timber company Louisiana-Pacific (NYSE:LPX) to 7.04M shares from ~5.80M shares and in Paramount Global (NASDAQ:PARA) to 93.6M shares from 91.2M shares.
As for the reduced holdings: Taiwan Semiconductor Manufacturing (NYSE:TSM) to 8.29M ADSs from from ~60.1M; US Bancorp (NYSE:USB) to 53.0M shares from 144.7M; BNY Mellon (NYSE:BK) to ~25.1M shares from 74.4M; Ally Financial (NYSE:ALLY) to 29.8M shares from ~30.0M, according to the filing.
No. of Recommendations: 19
Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), the massive insurance and investment firm built by Warren Buffett, lightened its holdings in some of its traditional banking stocks while loading up on more Apple (NASDAQ:AAPL) shares, according to its latest 13F filing.
The firm also increased its stake in Apple (AAPL) to ~915.6M shares from ~907.6M, its largest equity investment.
This is incorrect. Berkshire didn't buy any additional Apple shares in the quarter. The number of Apple shares Berkshire owns only rose by 333,856 shares (not the 8 million shares claimed in the quoted article). This is the exact number of AAPL shares that Alleghany owned prior to the merger. Every other common stock of Alleghany was sold except for the 333,856 AAPL shares LOL...
No. of Recommendations: 0
<Sold 86% of our TSM!>
This is more likely T&T's holding. Bought and sold so quickly made me concerned.
No. of Recommendations: 0
Any indication of buybacks?
No. of Recommendations: 3
The number of Apple shares Berkshire owns only rose by 333,856 shares (not the 8 million shares claimed in the quoted article). This is the exact number of AAPL shares that Alleghany owned prior to the merger.Dataroma has it right. I also like its formatting and presentation. Very high signal to noise ratio.
https://www.dataroma.com/m/m_activity.php?m=BRK&ty...CNBC Portfolio tracker differs from other sources because it includes certain other filings and foreign stocks.
https://www.cnbc.com/berkshire-hathaway-portfolio/
No. of Recommendations: 1
'This is more likely T&T's holding. Bought and sold so quickly made me concerned.'
Confused here too. Surprised we made a large initial buy and a then quick large sale. TSM and tech category seems like a potential T&T position but size of $4-5B seems like more likely a WEB decision. I think T&T are each managing $20B, so it possibly could represent their trade. Maybe growing geopolitical tensions and risks, but those were there to a large degree months ago. Interesting we are a net seller of equities Q4. Interested in other's thoughts and speculation.
No. of Recommendations: 0
Very interesting indeed, a three month holding period is very un Berkshire like! Frankly speaking it makes no sense as it goes against our favourite holding period of "forever"? Perhaps Berkshire is making a raw investment in Intel who has been raising capital for their future build outs in the US and Europe and can't have the conflict? I don't know but colour me confused after three months!
No. of Recommendations: 2
'This is more likely T&T's holding. Bought and sold so quickly made me concerned.'
Confused here too. Surprised we made a large initial buy and a then quick large sale. TSM and tech category seems like a potential T&T position but size of $4-5B seems like more likely a WEB decision. I think T&T are each managing $20B, so it possibly could represent their trade. Maybe growing geopolitical tensions and risks, but those were there to a large degree months ago. Interesting we are a net seller of equities Q4. Interested in other's thoughts and speculation.
I was as surprised as anyone - I would have bet a dollar that the TSM position would have been larger at year end. I do think it was Warren. He may have sold the lots he owned at a loss at year end and kept the profitable lots. Or maybe he talked about it some more and thought about it some more and changed his mind. If it was tax loss harvesting we should see the position grow again in Q1 (baffling commentators). If it disappears completely I guess he changed his mind.
To whoever suggested Berkshire might make a direct investment in Intel - Please god NO! That would be one bad sign.
No. of Recommendations: 3
'Or maybe he talked about it some more and thought about it some more and changed his mind.'
Reminds me a lot of of the Oracle buy then quickly sell in late 2018:
' Buffett's widely-publicized investment strategy is to buy shares in companies he understands and hold them for the long term. It turns out he broke both rules with an Oracle shareholding worth $2.1 billion, which appeared mysteriously in the third quarter report and had vanished by the time the fourth quarter numbers were unveiled.
The topic came up in a two-hour TV interview with CNBC's Becky Quick. Buffett explained that "after I started buying [Oracle], I felt I still didn't understand the business. I actually changed my mind in terms of understanding it, not in terms of evaluating it. Oracle is a great business, but I don't think ' particularly after my experience with IBM ' I don't think I understand exactly where the cloud is going."'
Honestly, I suppose we have all done the same exact thing but on a much smaller scale! Prefer the sale if their conviction is not there.
No. of Recommendations: 1
hello, new member, but some may recall me from the old "bored"......anyway, having watched TSM fall after so many dumps by funds and buffet, unless they know of shenanigans that we dont know, then I am confident in TSM and have added a little more on this 10% dip.
I'll be listening to Amat call tonight. good semi bellweather.
cheers,
Hummingbird
No. of Recommendations: 1
AMAT beat , outlook next Q good, up 4% after hours.1 time charge of 250m (chump change) and still some supply chain issues. semi story still intact.
No. of Recommendations: 1
Not posted here previously, but enjoyed Charlie's views on Intel / TSM, in particular the comment about having to put every dime into reinventing themselves every cycle. Very insightful. I have a small Intel holding but have put Semi conductors into the too hard pile in future.
No. of Recommendations: 1
I have Intel shares too. It is in the "too hard" pile but chip growth for at least the next 20 years is all but guaranteed (although cyclical), governments are currently subsidizing that future growth and there are only three makers that can do it at scale- Intel, TSMC and Samsung. I like Intel best just because the starting point is so low right now but believe that all three should be pretty good bets for the foreseeable future.
No. of Recommendations: 0
same, divvy pays me to wait, but it is a turnaround story, I also have TSM, more pure play semi than samsung. but prefer the WFE guys, esp. LRCX and AMAT
No. of Recommendations: 1
"Generally speaking, Warren Buffett is an optimist...
But Berkshire Hathaway's 13F for the fourth quarter tells a different story. Buffett and his investing lieutenants added to just three existing holdings -- Apple, Paramount Global, and Louisiana-Pacific.
Meanwhile, Buffett and his team reduced their stakes in eight holdings. This included selling 71.1 million shares of U.S. Bancorp, nearly 51.8 million shares of Taiwan Semiconductor Manufacturing Company, and around 37.1 million shares of Bank of New York Mellon. Additional pare-downs occurred with Activision Blizzard, Chevron, McKesson, Kroger, and Ally Financial.
Although we won't get a precise read until Berkshire Hathaway reports its fourth-quarter operating results later this month, the rough math, using the Dec. 31, 2022, closing price on all of the above companies, shows that Warren Buffett was a big-time seller of stocks during the fourth quarter. Whereas an estimated $158.2 million in stock was purchased, a whopping $8.97 billion was sold."https://www.fool.com/investing/2023/02/17/warren-b...If the recent Apple "purchase" came through Alleghany, then the nominal Q3 stock purchase amount is even lower than quoted above.
Of course, a large part of the Q3 selling was the uncharacteristic about face on TSM.
Is Mr. Buffett making a macro or valuation call here, despite the fact he claims he ignores the macro (snicker, snicker)?
