Christmas comes four times a year if you’re a fan of Warren Buffett. Thanks to regulatory requirements, acolytes get a peek at what stocks the Oracle of Omaha is buying and selling on behalf of Berkshire Hathaway (BRK.B), the holding company of which he is chairman. The Securities and Exchange Commission requires all investment managers with more than $100 million in assets to file a Form 13F quarterly to disclose any changes in share ownership.
These filings add an important level of transparency to the stock market, and gives Buffett-ologists a chance to get a bead on what he’s thinking. When Buffett starts a new stake in some company, or adds to an existing one, investors take that as a vote of confidence. On the other hand, if he pares his holdings in a stock, it can spark investors to rethink their own investments.
The most recent 13F, filed on Nov. 14, wasn’t much for fireworks. Buffett added to some investments he’s been high on for a while, and continued to sell some stock in investments he’s already made clear haven’t thrilled him. Although the latest disclosure didn’t contain any earth-shattering news, it’s always interesting to see what Buffett and his lieutenants, Ted Weschler and Todd Combs, are up to.
Here’s the scorecard for what Berkshire Hathaway bought and sold during the three months ended Sept. 30.
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Date — November 15, 2017 5:00 am
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