Berkshire Hathaway sells shares of US banks by buying 21 mln. shares of Barrick Gold for $ 563 million

News

Berkshire Hathaway sells shares of US banks by buying 21 mln. shares of Barrick Gold for $ 563 million

21.08.2020 News

Last week, Berkshire Hathaway has submitted a report form 13F to the Securities and Exchange Commission (SEC) for the second quarter of 2020, by providing an updated information about its portfolio of shares for publicly traded companies.

The portfolio of one of the most famous in the world of investment companies headed by Chairman and CEO Warren Buffett has changed significantly.

Berkshire reports introduce a particular interest and are carefully studied by many investors. Changes in the portfolio – Buffett’s sales or purchases of large stakes – often affect the movement of the price of these shares in the market.

The main changes were the sale of shares of American banks and financial companies, the entire stake in the restaurant chain Restaurant Brands International the entire stake in the restaurant chain Restaurant Brands International; a major purchase became shares of world leader in gold mining Barrick Gold (GOLD).

Berkshire’s report to the SEC also confirmed Buffett’s sale of all its assets in shares of American airlines – United Airlines, Southwest Airlines, American Airlines Group and Delta Air Lines.
Shares of Berkshire Hathaway fell more than 1% and shares of Barrick Gold rose by 11.3%.

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