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Tuesday, February 16, 2021

BRK Announces Changes In Portfolio -- 3Q20 13-F Filing -- February 16, 2021

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.  

Link here.

  • gold: sold off of its shares in Barrick Gold, a position first disclosed in 2Q20 
    • this seemed so out of character for Buffett -- to have bought it in the first place
  • Chevron: up 2.61% after announcement
    • new stake in Chevron
    • up 2.05% during normal hours
    • after hours, up another 2%
    • closed at $93.13; after hours, trading at $95
    • bought 48 million shares of Chevron
    • about $4.5 billion?
  • Verizon: up 2.75% after announcement
    • 147.6 million shares;
    • $8.6 billion
    • 6th largest holding in his portfolio
    • Verizon is parent company of Yahoo!Finance
    • VZ was flat today; after hours, moved up 3.05%; moved up $1.65; trading at $55.80
    • waiting for link to see how many new shares bought
  • new stake in E. W. Scripps & Co
    • bought 23 million shares
  • boosted shares in positions first disclosed in 3Q20
    • AbbVie
    • Bristol Myers Squibb
    • Merck -- was down 1% during the day; after the announcement, after hours, up 0.5%;
  • PFE: sold all shares in PFE
  • selling off its holdings in banks
    • exited his position in JP Morgan
    • exited his position in PNC Financial
    • cut his stake in Wells Fargo, by 58%, selling 75 million shares 
    • trimmed his position in US Bancorp
    • trimmed his Apple stake by about 6%
  • trimmed Apple stake by about 6%; selling 56 million shares
    • Apple is still BRK's largest stock holding

The buzz all day on CNBC: banks would benefit from rising rates. Interesting that he sold. 

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S&P 500

"Earnings estimates racing higher." -- CNBC

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Apple Car

Why Apple is getting serious about an Apple car. Link here. Munster estimates the smartphone market to be worth $450 billion, a figure Loup Ventures arrived at using 1.4 billion annual unit sales with an average selling price (ASP) of $310.

The analyst estimates the global market for new vehicles, including cars, light trucks, commercial vehicles, and semis to be about $2.8 trillion.

My comment: that may be, but smartphone seems to have a relative small number of "relevant" players; on the other hand, I've run out of fingers and toes counting all the legacy marques and all startups getting into EVs. Of course, ten percent of $3 trillion is $300 billion. That is "new vehicles." Then we get into market share of EVs / ICEs in new vehicles.

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