Spree buying of RMB 130 billion—Berkshire makes a rare move
Market news on August 9: Berkshire made a major move. Berkshire Hathaway’s financial report shows that in the second quarter of this year, the net profit attributable to shareholders surged by more than 107% year over year, while investment gains increased sharply by 155% year over year. Notably, Berkshire made a rare large-scale purchase: its net buying of stocks in the second quarter was nearly $20 billion (about RMB 130 billion), reversing the prior trend of continuous selling. Before this, Berkshire had recorded net sales of stocks for 14 consecutive quarters. Judging from changes in holdings, as of June 30, among Berkshire’s top five stock holdings, Google has officially entered the list, ranking alongside American Express, Apple, Bank of America, and Coca-Cola. The five largest positions together account for 66% of the stock investment portfolio. $GOOGL.US
Market news on August 9: Berkshire made a major move. Berkshire Hathaway’s financial report shows that in the second quarter of this year, the net profit attributable to shareholders surged by more than 107% year over year, while investment gains increased sharply by 155% year over year. Notably, Berkshire made a rare large-scale purchase: its net buying of stocks in the second quarter was nearly $20 billion (about RMB 130 billion), reversing the prior trend of continuous selling. Before this, Berkshire had recorded net sales of stocks for 14 consecutive quarters. Judging from changes in holdings, as of June 30, among Berkshire’s top five stock holdings, Google has officially entered the list, ranking alongside American Express, Apple, Bank of America, and Coca-Cola. The five largest positions together account for 66% of the stock investment portfolio. $GOOGL.US