Warren Buffet Dumps U.S. Bank Stocks And Buys Gold Mining Stock; 13F Filing Shows Tech Exodus Among Hedge Funds
- Date: 17-Aug-2020
- Source: Forbes
- Sector:Financial Services
- Country:Saudi Arabia
Warren Buffet Dumps U.S. Bank Stocks And Buys Gold Mining Stock; 13F Filing Shows Tech Exodus Among Hedge Funds
(Photo by Paul Morigi/WireImage)
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On August 14th, we had a 13F filing update in the U.S., which gives more insight about the smart money and how it is deploying its capital. Investors are always keen to know and relate this information to their trading strategy. For retail traders, this information can be seen as confirmation of whether their investment strategy is correct and how they can fine-tune it.
Buffet Buys Barrick Gold
The most significant headline of the 13F filing was about Berkshire Hathaway
BRK.B
's activity. It has purchased gold mining stock, Barrick Gold, a Canada-based mining company. The Buffet's position in Barrick Gold is worth nearly $565 million.
Buffet Dumps Goldman Sachs