In an SEC Form 4 filing this evening, Berkshire Hathaway reported that it added $60 million to its stake in Phillips 66 (NYSE: PSX) on June 10 and 13 at $79.13 – $80.04 per share. Berkshire Hathaway now owns 78.8 million shares of PSX, representing 15% of its outstanding shares. Berkshire’s PSX investment is valued at $6.2 billion at today’s closing price on the New York Stock Exchange of $78.90. Berkshire has added $250 million to its stake in PSX from May 19 – June 13, 2016. Previously, Warren Buffett had disclosed that PSX was his investment and not that of his portfolio managers Todd Combs and Ted Weschler.
At this year's SALT New York conference, Wences Casares, the chairman of XAPO, and Peter Briger, the principal and co-chief executive officer of Fortress Investment Group discussed the macro case for Bitcoin. Q2 2021 hedge fund letters, conferences and more XAPO describes itself as the first digital bank of its kind, which offers the "convenience" Read More