May 13, 2021
Business News

Warren Buffett may have dumped his $5 billion JPMorgan stake last quarter, investor Chris Bloomstran says – Business Insider

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  • Warren Buffett may have sold some, or all, of his $5 billion worth of JPMorgan shares last quarter.
  • “Looks like JPMorgan is likely gone, or sold way down,” tweeted Chris Bloomstran, the head of Semper Augustus Investments and a longtime Berkshire Hathaway shareholder.
  • Bloomstran pointed to the $9.3 billion decline in the value of Berkshire’s “banks, insurance, and finance” stocks on a cost basis last quarter, and a $4.5 billion capit…

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