Warren Buffett teased to CNBC a ‘tiny purchase’ in March. Berkshire filing may have revealed it
Warren Buffett indicated that Berkshire Hathaway made a small investment in March, which has now been revealed in a regulatory filing. The filing shows a $55 million position in Macy's, described by Buffett as a 'tiny purchase.' Despite this, Berkshire also disclosed a much larger $2.6 billion stake in Delta Air Lines during the same quarter.
- ▪Berkshire Hathaway initiated a $55 million position in Macy's in the first quarter.
- ▪Buffett referred to this investment as a 'tiny purchase' during a March interview.
- ▪Berkshire also disclosed a $2.6 billion stake in Delta Air Lines in the same quarter.
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Billionaire investor Warren Buffett hinted in March that Berkshire Hathaway had made a small addition to its portfolio. A new regulatory filing may have just revealed what he was referring to.When asked in March whether Berkshire was still putting money to work, Buffett said the conglomerate had made "one tiny purchase" but was still struggling to find attractive opportunities. "Got one tiny purchase, but we aren't finding things that — we weren't finding them before," Buffett said at the time in an interview with CNBC's Becky Quick.A regulatory filing released Friday showed Berkshire initiated a roughly $55 million position in Macy's during the first quarter — a sliver of a portfolio valued at more than $300 billion and a size that would fit Buffett's description of a "tiny"…
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