Subject: Davis Sold Some
From Barrons:
Berkshire Hathaway Director’s Firm Sold Almost 30% of Its Berkshire Stake
https://www.barrons.com/articl...

The investment firm run by Berkshire Hathaway director Chris Davis sold nearly 30% of its stake in Warren Buffett’s company during the second quarter, taking advantage of the run-up in the share price.

Davis Selected Advisers, which runs the Davis New York Venture fund, reduced its stake in Berkshire Hathaway to 1,434 shares class A equivalent (with class B shares converted to an economically equivalent amount of class A stock) on June 30 from more than 2,000 shares on March 31, according to Barron’s analysis of a new regulatory filing that details the fund’s U.S.-listed holdings. Davis Selected Advisors filed the 13-F form with the Securities and Exchange Commission Friday.

Berkshire Hathaway remains the firm’s third-largest holding by dollar value at about $1 billion, behind only Capital One Financial and Meta Platforms. The firm’s 13-F shows about $22 billion in total equity investments.

Berkshire Hathaway still represents about 5% of the fund’s holdings, considerably more than the company’s weighting in the S&P 500 index.