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Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, investor Chris Bloomstran says

1 month ago   |   By Business Insider

Warren Buffett may have sold some, or all, of his $5 billion worth of JPMorgan shares last quarter.
"Looks like JPMorgan is likely gone, or sold way down," tweeted Chris Bloomstran, the head of Semper Augustus Investments and a longtime Berkshire Hathaway shareholder.
Bloomstran pointed to the $9.3 billion decline in the value of Berkshire's "banks, insurance, and finance" stocks on a cost basis last quarter, and a $4.5 billion capital loss, as evidence of a sale.
Buffett may have sold Occidental Petroleum, Goldman Sachs, and US Bancorp last quarter as well, Bloomstran said.
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Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, investor Chris Bloomstran says

Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, investor Chris Bloomstran says

1 month ago   |   By Business Insider

Warren Buffett may have sold some, or all, of his $5 billion worth of JPMorgan shares last quarter.
"Looks like JPMorgan is likely gone, or sold way down," tweeted Chris Bloomstran, the head of Semper Augustus Investments and a longtime Berkshire Hathaway shareholder.
Bloomstran pointed to the $9.3 billion decline in the value of Berkshire's "banks, insurance, and finance" stocks on a cost basis last quarter, and a $4.5 billion capital loss, as evidence of a sale.
Buffett may have sold Occidental Petroleum, Goldman Sachs, and US Bancorp last quarter as well, Bloomstran said.
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