Berkshire Hathaway (BRK.A/B) previews 13F Quarterly Report to be released tomorrow (205.17 -1.46)
- "There will likely be press reports emphasizing changes -- upward or downward -- in the shares owned in various companies. With a few exceptions, Berkshire wishes to avoid owning 10% or more of an investee's shares. Since many investees are repurchasing these shares this intention sometimes requires Berkshire to make minor sales to avoid hitting the 10% threshold. During the second quarter this self-imposed limit caused Berkshire to sell some minor amounts of equity holdings in the banking and the airlines industries, while Berkshire was purchasing shares of other companies in the same industries. These buy and sell decisions did not reflect our investment management's views as to the relative attractiveness of the bought and sold securities but were rather a response to the 10% limitation. Similar situations may occur in future quarterly reports as Berkshire continues to have 9% plus holdings in a number of equity securities that are active repurchasers of their shares."
- Briefing Note: prior qtrly filing included airlines such as LUV, DAL, UAL, AAL and banking names such as WFC, BAC, USB, GS, BK, MTB