Berkshire Hathaway’s 13F filing illustrates a portfolio dominated by familiar blue-chip names. However, there were some telling adjustments. While Warren Buffett’s team largely held steady in core positions, the quarter still featured notable trims.
Buffett’s Berkshire Hathaway $1.57 billion investment suggests that Wall Street may be overlooking how the sell-off has already priced in much of the bad news.
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
The Oracle of Omaha is paring down his No. 1 holding, yet again, in favor of a company that's delivered a nearly 48,000% total return since it went public.
The dialysis provider said care at its nearly 3,000 clinics and at-home programs continued without interruption, though the attack caused temporary disruptions and $13.5 million in added costs.
