Warren Buffett Just Sold Nu Stock. Here's Why You Probably Shouldn't.

Warren Buffett has been a net seller of stocks over the past eight quarters, building Berkshire Hathaway's cash reserves to its highest-ever level. He's completely exited some positions, like Floor & Decor, and trimmed down positions in others, like Apple. Apple still accounts for the largest position in the equity portfolio, and Buffett recently said that he would never sell it completely. Selling some of its stock doesn't look like a loss of confidence in the company.Is it the same situation with Nu Holdings (NYSE: NU)? Berkshire sold about 19% of his stake in Nu in the third quarter. That's a small percentage of an already small position. Nu stock accounts for only 0.3% of the Berkshire Hathaway equity portfolio. This sale implies that Buffett and his lieutenants still thinks Nu is adding value to the total, and investors can make guesses as to why Buffett sold this small amount, but they're only guesses.You can point more toward the amount of Nu stock Buffett is keeping as an indication of his sentiment toward Nu stock. The average individual investor, who has different goals than Buffett and his holding company, may want to scoop up shares of Nu stock right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool