16 Jan

What Were Warren Buffett’s Top Sells in 3Q17?

WRITTEN BY Sarah Sands

Warren Buffett’s top sells in 3Q17

In the previous part of this series, we discussed that Warren Buffett is bullish on the US equity market (SPX-INDEX) (COMP-INDEX) in the present scenario. We have also analyzed his firm’s largest holdings and top buys in 3Q17. In this part, we’ll have a look at his firm’s top sells oin 3Q17.

What Were Warren Buffett’s Top Sells in 3Q17?

The top sells of Berkshire Hathaway in 3Q17 included International Business Machines (IBM), Wells Fargo (WFC), Charter Communications (CHTR), and WABCO Holdings (WBC). The firm reduced its positions in these stock by nearly 2.1%, 1.6%, 0.22%, and 0.01%, respectively, in 3Q17.

In our previous series, we discussed that Warren Buffett reduced some of his firm’s position in IBM in 3Q17. The weaker revenue growth of IBM was the primary factor that caused the firm to gradually reduce some of its in IBM. Although the firm marginally reduced its position in Wells Fargo, it remained Berkshire Hathaway’s (BRK-B) largest holding in 3Q17.

Largest sector holdings

The largest sector holdings of Berkshire Hathaway in 3Q17 were financials (XLF), consumer staples (XLP), the information technology sector (XLK), and the consumer discretionary sector. These sectors represented nearly 40.4%, 24.8%, 16.4%, and 5.5% of the firm’s portfolio in that quarter, respectively.

You may be interested to read, David Tepper: Bull Market Has More Room to Grow in 2018.

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