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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: nola622   😊 😞
Number: of 22989 
Subject: Re: The real interview
Date: 08/31/24 1:40 PM
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FWIW, I believe the Q2 AAPL sales were at an average price per share of approximately $188.75 /sh. (that is the data I have for 89% of the shares sold during Q2)

That number seems reasonable, but how did you calculate it?

Note that my post was just an estimate, and started off with the comment "Somebody check my math..."

Jim


It's just from the insurance filings with NAIC. I only pulled the National Indemnity and Columbia Insurance files, which covered around 89% of the Apple shares sold in Q2. I can't upload the pdf or screenshots to this forum but here is the data for Q2:

National Indemnity sold 338,780,839 shares for proceeds of $63,825,930,938, actual cost $13,031,368,336 ($188.40/sh, CB $38.465 / sh.)

Columbia Insurance sold 6,375,472 shares for proceeds of $1,323,821,745, actual cost $363,011,140 ($207.64/sh, CB $56.9387 / sh.)

Average is about $188.75/sh. sale price for 345.156311m shares which is around 89% of the shares sold by BRK during Q2.


You can see that he sold higher cost basis shares later in the quarter at higher prices - suggesting he didn't start with the highest basis shares and current tax rates are indeed part of his rationale.
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This community has written 22,499 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
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