Warren Buffett Sells Bank SharesWarren Buffett Sells Bank Shares
On Friday, Berkshire Hathaway’s 13F filing (a quarterly report required by the U.S. Securities and Exchange Commission from institutional investment managers overseeing more than $100 million in assets) revealed that Warren Buffett’s company:
→ Maintained its Apple (AAPL) position at 300 million shares;
→ Continued selling Bank of America (BAC), reducing its stake by 15%;
→ Cut its holding in Citigroup (C) by 75%.
The legendary investor may believe Trump’s policies will challenge U.S. banks, potentially triggering a short-term bearish impulse for these bank stocks when trading resumes on Tuesday after the Presidents' Day holiday.
Technical Analysis of BRK.B Shares
Berkshire Hathaway’s own shares (BRK.B) also face growth challenges, with resistance around the $484 level hindering upward movement within the blue-marked ascending trend channel:
→ The price reversed twice from this level (in September and November 2024);
→ BRK.B is currently near this resistance, forming a Bearish Engulfing pattern that could signal a larger Triple Top bearish pattern.
Given this outlook, bearish pressure may lead to a pullback, potentially towards the lower boundary of the trend channel, where key support sits at $455.
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