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

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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.