Billionaire Warren Buffett Sold 41% of Berkshire's Stake in Bank of America and Has Piled Into a Cyclical Company Whose Shares Have Soared 42,400% Since Its IPO

In just under two months, Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett will retire from overseeing day-to-day operations and hand the reins over to Greg Abel. It'll be a bittersweet moment for Wall Street and Berkshire's shareholders given that the Oracle of Omaha has overseen a greater than 5,750,000% cumulative return in his company's Class A shares (BRK.A) since taking over in 1965.Despite Buffett's time at the helm winding down, he hasn't stopped making or overseeing big investment moves at the trillion-dollar company he helped build.No later than 45 calendar days following the end of a quarter, institutional investors with at least $100 million in assets under management are required to file Form 13F with the Securities and Exchange Commission. A 13F paints a clear picture of which stocks Wall Street's savviest money managers have been buying and selling. Arguably no 13F filing is more anticipated than that of Berkshire Hathaway.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool