Warren Buffet Dumps U.S. Bank Stocks And Buys Gold Mining Stock; 13F Filing Shows Tech Exodus Among Hedge Funds

Warren Buffet Dumps U.S. Bank Stocks And Buys Gold Mining Stock; 13F Filing Shows Tech Exodus Among Hedge Funds

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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. 



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