what are you selling today?

[rkbabang]

Not by choice, but my payout from the acquisition of Shockwave Medical (SWAV) by JNJ just hit my account today.  I bought a small amount in Feb/2020 for $42.60 and received $335.00 today.

 

[Spekulatius]

9 hours ago, rkbabang said:

Not by choice, but my payout from the acquisition of Shockwave Medical (SWAV) by JNJ just hit my account today.  I bought a small amount in Feb/2020 for $42.60 and received $335.00 today.

 

Thats a nice gain - almost an 8 bagger in 4 years. Congrats.

[rkbabang]

11 hours ago, Spekulatius said:

Thats a nice gain - almost an 8 bagger in 4 years. Congrats.

Thanks.  It worked out better than I imagined, and quicker.

 

[Saluki]

I trimmed a little SWBI

 

I trimmed some STNG that I purchased a year ago and bought the same dollar amount in Tsakos Energy.  

[frommi]

VNDA after it reached NCAV.

[Saluki]

Trimmed some BRK.

[fareastwarriors]

1 hour ago, Saluki said:

Trimmed some BRK.

 

Edited June 7, 2024 by fareastwarriors

[Head of Roller coasters]

Trimmed some Novo Nordisk. Just risk management – not any kind of show of distrust. 

[nsx5200]

On 6/7/2024 at 3:10 PM, Saluki said:

Trimmed some BRK.

I think a lot of the great investors park their cash at BRK, so I've been doing that.  What did you pick up with the sell?

[Head of Roller coasters]

Trimmed some Fortum (HEL:FORTUM) – a state-owned electricity utility. 

[Santayana]

I've been trimming my very overweight Fairfax position a bit as we head into Q3.  Seems like there's already been a couple of events that could lead to this being a larger Cat year.

[Spekulatius]

Sold VSTS. Made some money of that one but have some lingering doubts that this will be an easy turnaround and there is a lot of debt.

[Saluki]

Trimmed some VTS. No particularly reason.  I bought it cheap and it's been over a year, and it's paying a nice dividend, but there are cheaper things out there with growth attached, not just harvesting existing opportunities. 

 

I continue to trim STNG and buy Tsakos to keep my product tanker position but at a better relative valuation.  

[DooDiligence]

Sold Autodesk after holding for 3 years with the hope that the CFO was at least competent. Their products are ubiquitous and will likely get even better. I think getting rid of resellers is a good move but making candy bars is easier to understand. Chocolate hands  

[Spekulatius]

Reduced Google anfter experiencing first hand how Google search can be demonetized at work (see Google thread).

Edited July 16, 2024 by Spekulatius

[yesman182]

I sold my BRK shares in my retirement accounts. Seems like we are trading around 24x normalized earrings. I suspect buybacks will stop, apple sales will increase, interest rates will go down so the 200 Billion in tbills will earn less. I still own the majority of my shares in my taxable account, but seems fully valued to me. I would rather have the cash earing 5% and wait for other opportunities to come along. 

[thepupil]

i sold all my remaining Berkshire yesterday.

[Malmqky]

You are all crazy

 

Never sell Berkshire! But yeah it certainly is trading at what’s historically been peak valuation..

 

 

 

[villainx]

34 minutes ago, yesman182 said:

I sold my BRK shares in my retirement accounts. Seems like we are trading around 24x normalized earrings. I suspect buybacks will stop, apple sales will increase, interest rates will go down so the 200 Billion in tbills will earn less. I still own the majority of my shares in my taxable account, but seems fully valued to me. I would rather have the cash earing 5% and wait for other opportunities to come along. 

 

 

I might follow this.  I just don't trade much, but that's what the tax advantage account is for, I guess.

 

 

[adesigar]

Why do you think BRK earnings will drop to $40B? Also why do you expect BRK to stop earning 5% in tbills but you can keep earning the same 5% in Cash?

Edited July 16, 2024 by adesigar

[Jaygo]

For those selling BRK into some strength here. What is the destination for the cash? 

 

Ive long traded brk but i just dont see too many quality destinations to reinvest the proceeds.

 

 

[Kuhndan]

I took a middle ground on my Berkshire stock. Sold the $460 calls. Pocketed the premium and potentially sell out at a higher price (although fingers crossed it doesn’t hit $460!)

[Saluki]

I sold some BRK recently, which was my largest and oldest position, until GOOG became larger due to the recent run up in price.  Not a lot, maybe 5% and I may sell another 5% of my higher cost shares depending on their earnings and the stock price. To answer the previous question, the insurance and other subsidiaries still look good bets, but GEICO has been struggling against Progressive, and the energy business suddenly doesn't seem as good as before if regulators or courts can take their pound of flesh at any time.  

 

With a recent ridiculous lawsuit payout for a wildfire where BHE didn't cut the power on a windy day, it's going to be put in a position to cut power more proactively in dangerous situations, but they are compensated/penalized for outages. So it will be damned if you do or damned if you don't.  Maybe the existing assets are okay, but it's definitely a disincentive to deploy more capital if the powers that be can change the rules of the game as they see fit. 

 

So two of the core assets have seen better days, AAPL is a big part of it's net worth and unless people buy into it's AI narrative, maybe that asset has it's incredible growth stalling out.  The railroad is a steady performer, but unlike car insurance, freight loadings are affected by the economy, so it's vulnerable to recession, although BRK itself tends to get great deals when Uncle Warren picks up assets that are beaten down, so the company itself is kind of a hedge/ballast in my portfolio.  

 

I have sold some VTS, ENPH and TAYD in my retirement account in the past few days when the resting limit orders were hit, which ran up a lot and I don't have to pay taxes on, but I don't have any great ideas on what to replace them with.  I don't want to buy GOOD ideas in my retirement account because I can't deduct the losses if I'm wrong, so I like to wait for no brainers there (like something I bought in my taxable account that drops a lot and I think will recover quickly, or something like OXY below $60 which has the Buffett floor).  

[Charlie]

Buffett at the annual meeting:

"The people who check the price daily have not made the money that the

people who have forgotten about it basically have over the years."

It pays to do nothing. 

 

 

[sleepydragon]

I have most of my assets in BRK. I checked yesterday , in my none-retirement account, my lowest cost shares were bought at $126. 

Over the years, I used margins to trade around other stocks. The stability of BRK gave me some assurance that I won't get margin called. My margin also has never exceeded 10% of my account.  As for how did I do with those tradings? I would say I am not as smart as I think I am.