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Warren Buffett's holdings: More sales than purchases in the third quarter of 2023 - record high cash balance and secret stock position
According to a report by www.finanzen.net, Warren Buffett and his investment holding Berkshire Hathaway disclosed their holdings in the third quarter of 2023 as part of Form 13F. It showed that more sales were made than purchases and a new record cash balance was reached. Still, Buffett is secretly working to build a new stock position and has asked the SEC to keep one or more holdings confidential. It is striking that Berkshire Hathaway spent only $1.7 billion on stock purchases in the third quarter, but at the same time sold $7 billion worth of securities. The company's cash balance therefore grew to $157.2 billion...
Warren Buffett's holdings: More sales than purchases in the third quarter of 2023 - record high cash balance and secret stock position
According to a report by www.finanzen.net,
Warren Buffett and his investment holding Berkshire Hathaway disclosed their holdings on Form 13F in the third quarter of 2023. It showed that more sales were made than purchases and a new record cash balance was reached. Still, Buffett is secretly working to build a new stock position and has asked the SEC to keep one or more holdings confidential.
It is striking that Berkshire Hathaway spent only $1.7 billion on stock purchases in the third quarter, but at the same time sold $7 billion worth of securities. The company's cash balance grew to $157.2 billion, a new record. Buffett threw some old holdings out of the portfolio and reduced some prominent positions. Analysts see his behavior as a sign of patience and discipline.
Buffett has asked the SEC not to make one or more holdings public in order not to influence the company's price and to be able to close quietly in the current quarter.
Barron's and Edward Jones analysts are hinting that Buffett's secret new holding is likely a financial company. The cost basis of Berkshire Hathaway's financials increased by $1.2 billion in the third quarter, suggesting that Berkshire has acquired a new position from the sector. Possible candidates include companies such as Morgan Stanley, BlackRock, Charles Schwab and Goldman Sachs.
The secrecy surrounding Buffett's new investment is fueling speculation and interest in the financial industry.
This behavior will definitely affect the market and the financial industry. The speculation surrounding Buffett's secret new holding could send the chosen company's stock price soaring once the secrecy is lifted. Furthermore, this could also have an impact on the entire financial market as investors try to predict Buffett's moves and replicate his success.
Read the source article at www.finanzen.net