In May, a 13F filing revealed that Berkshire Hathaway was buying mystery stocks. Now, at last, we know what they are.
It was the moment Wall Street had been waiting for.
Investors have been on tenterhooks since May, when a 13F filing revealed that Warren Buffett’s Berkshire Hathaway had been buying mystery stocks. Now, at last, we know what they are.
From time to time, prominent investors seek permission from regulators to withhold certain details of their trading activity — a move that allows them to quietly build large positions.
If you’re Warren Buffett, people tend to follow your lead. And if they were to catch even a whiff that you’re building a large stake in a company, copycat traders could spark a premature price spike and make your purchase more expensive.
Berkshire’s assets may be worth over $1 trillion, but Buffett still likes a good bargain.
Since that May filing, his mystery bet has been the talk of Wall Street.
Could it be FedEx? UPS? Caterpillar? I bet it’s Caterpillar.
