My screen shows 3,017 A shares traded today during regular hours.After hours trading shows 6 A shares trading hands @ $411,687.49 (all time high).Who is buying?
So curious as well. Imo, It doesn’t feel like it’s WEB at these more lofty levels of valuation but with 140B in his wallet and accelerating buybacks, you never know but I would have thought he would have engaged in this accelerated spending spree in late summer or Fall. I certainly would not complain as we are quite well positioned going forward on so many levels. Cannot wait for the ASM- Submitted a few questions to Becky wrt buybacks, BHE, pandemic effects and the unique macro environment. Will be Must see Streaming for sure!
California pension fund is my bet.California pension fund has close to 1b dollar of Brkb and brka as of last 13F. Today, they filed a proxy about voting against Berkshire directors. In their filings, the share count is slightly more than the 13F.Or it could be Yackman fund who’s adding. They bought as of last 13F
California pension fund is my bet.Interesting thought.But one of the sovereign wealth funds might be more likely...Norway, say. They're under new management.Mainly because of scale, and some have very long term outlooks.It's quite a phenomenon.The average A volume in the last two months has been 2105 shares/day or $811m.The average volume in the four prior years amounted to only 343 shares/day, about a sixth as many.Measured that way, the aggregate "excess" volume in the last two months is about 74,000 shares or $28.5bn of purchases.The excess volume might not be a single purchaser, but it might be.It equates to 11.6% of all A shares and 9.6% of all voting power, so if it's one buyer, the identity is of more than passing interest.Jim
If there is no multiple trading of the same shares who are the sellers? 11% of A shares is a lot and IMHO the price wasn’t high enough to convince life time holder to sell.
"It's quite a phenomenon."I hope someone will ask Warren about it at the annual meeting.
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