In SEC Form 4 filings, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) has disclosed that on each of the first six trading days of 2016 it has added to its stake in Phillips 66 (NYSE: PSX) at prices of $75 – $80 per share. This additional investment of approximately $400 million has resulted in Berkshire owning 66.6 million shares of Phillips 66, or 12.5 percent of its outstanding shares. Berkshire’s stake in Phillips 66, at its closing price of $75.25 on January 13, is valued at $5 billion.
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More