Warren Buffett’s company suspected of secret buyout of shares

Warren Buffett’s company suspected of secret buyout of shares

Warren Buffett Reveals Three Stocks He Secretly Bought

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Feb.17 — Warren Buffett’s Berkshire Hathaway Inc. revealed three stock acquisitions that it snapped up in secret, including new bets on Chevron Corp. and Verizon Communications Inc. that sent their shares up, and cut its Apple Inc. stake in the last three months of 2020. Berkshire also bought stock in insurance brokerage Marsh \u0026 McLennan.

Warren Buffett's company suspected of secret buyout of sharesWarren Buffett’s company suspected of secret buyout of shares

Billionaire and Vanity Fair owner Bill Ackman believes that Warren Buffett is quietly converting $ 128 billion of Berkshire Hathaway into shares of the fund, so as not to provoke a market reaction to the growth of quotations.

«As soon as the process of investing these funds in securities is fully completed, he will let you know about it» – said Akman.

One of the reasons for the lack of publicity in Buffett’s actions may also be a reluctance to take responsibility for quieting Wall Street again, as was the case in 2008..

«Maybe this time he doesn’t want to be a hero», – experts say.

After Pershing Square, Hilton, and Burger King’s stock prices fell, Buffett increased its shares in all these companies by more than 25%. He also reinvested about $ 720 million in Starbucks in January..

Meanwhile, Berkshire sold Delta Air Lines and Southwest Airlines worth about $ 390 million and has reduced its share in recent weeks at Bank of New York Mellon.

Buffett’s attention has also been focused on the hardest hit travel, real estate and entertainment companies, but no deals have been made public yet..

Berkshire Cash Volume exceeded individual market capitalization Tesla, Starbucks, Nike and McDonald&# 39; s in March.

Warren Buffett's company suspected of secret buyout of shares