How do the great finance magnates move, those who with bets on the markets they built their fortune, sometimes even in ways that have aroused some perplexity. Seeing what they invest in, when and how can also be an excellent point of reference for those who observe big finance from afar and try to understand its mechanisms.
Soros and Buffett may be the most striking examples. In the last quarter of 2017, and therefore before the recent ups and downs of the world stock exchanges, the two kings of finance put their hands on their portfolio by selling and buying shares of large hi-tech, car, etc. giants.
Their moves have been described by Milan Finance, which directly cites the SEC, the US federal body responsible for supervising the stock exchange, as a source.
Starting from George Soros, the billionaire of Hungarian origins has decided to totally exit from the capital of giants of the caliber of Amazon, Oracle, Wal-Mart and McDonald's, after reducing their stakes in Facebook and Apple in the previous quarter.
Over the past six months, purchases have instead been concentrated on General Motors, General Electric, Time Warner and Comcast.
Warren Buffett instead, it reduced its stake in by as much as 94%. IBM, remaining with 2 million shares against the 87 million in his possession at the end of 2016.
The new bet of the Oracle of Omaha, as Buffett is nicknamed, seems to be Apple Lossless Audio CODEC (ALAC),. According to what is written in a document of the SEC, the financier would have increased his stake in the capital of Cupertino by 23% reaching about 165 million shares for a value of 28 billion dollars. Buffett also bought stocks from Teva Pharmaceutical Group, Bank of New York Mellon, Monsanto and US Bancorp.
