Big investors unveiled their stock holdings for the first quarter in a regulatory filing late Thursday.
Warren Buffett’s Berkshire Hathaway increased its stake in Wal-Mart (WMT) by 17% to 58.05 million shares, according to the Securities and Exchange Commission 13F filings. Berkshire Hathaway also added a new stake of 11 million shares in Verizon (VZ).
Yahoo Finance Senior Columnist Michael Santoli said it’s interesting to see that Berkshire invested in Verizon, and that Soros got out of the big banks. But Santoli points out it’s old information and it’s not something that should be chased.
Berkshire Hathaway also reduced its stakes in several other companies, including DirecTV (DTV) and General Motors (GM). But it wasn’t the only fund unloading its holding in GM. David Einhorn’s Greenlight Capital Management also sold its stake in the automaker. The news of hedge funds exiting GM shares did not come as a big surprise to Yahoo Finance Editor-in-Chief Aaron Task, especially given all the recall problems the automaker has been having.
Instead of laboring through 13F filings, Host of Yahoo Finance's Breakout Jeff Macke said investors should be paying closer attention to what some of the top investors are doing at the Skybridge Alternative Investments conference, which is also know as the SALT Conference in Las Vegas.
In our poll today we asked: Would you change your stock investments based on what big investors are buying? Cast your vote and leave a comment below or on Twitter.
- Private Equity & Hedge Funds
- Berkshire Hathaway
- Soros Fund Management