JP Morgan Chase & Co (JPM)

[NYBob]

Berkshire Hathaway filed its latest Form 13F on Aug. 14, 2020.
Berkshire has exited airlines, Goldman Sachs, and Occidental Petroleum.
Increased positions include the Store Capital REIT, grocery chain Kroger, and Canadian oil and gas company Suncor Energy.
Reduced Banking and Financial Services Exposure
Comparing 13F filings for Q2 20201? and Q1 20203? reveals that Berkshire cut its holdings of several banking and financial services stocks. Among these were, with the new share holdings and values as of the end of Q2:


Wells Fargo & Co. (WFC): down by 85.6 million shares, or 26%, to 237.6 million shares ($6.1 billion).
JPMorgan Chase & Co. (JPM): down by 35.5 million shares, or 62%, to 22.2 million shares ($2.1 billion).
PNC Financial Services Group (PNC): down by 3.85 million shares, or 42%, to 5.35 million shares ($563 million). In Q1 2020, Berkshire had increased its holdings of PNC.4?
M&T Bank Corp. (MTB): down by 846 thousand shares, or 16%, to 4.54 million shares ($472 million).
Bank of New York Mellon Corp. (BNY): down by 7.4 million shares, or 9%, to 72.4 million shares ($2.8 billion).
US Bancorp (USB): down by 10.5 million shares, or 7%, to 132 million shares ($4.9 billion).
Visa Inc. (V): down by 575 thousand shares, or 5%, to 10 million shares ($1.9 billion).
Mastercard Inc. (MA): down by 370 thousand shares, or 7%, to 4.6 million shares ($1.3 billion).
Goldman Sachs Group Inc. (GS): down by 1.9 million shares, or 100%, after exiting most of this position in Q1 2020.4?
Bullish on Bank of America
Berkshire maintained a 925 million share stake in Bank of America Corp. (BAC).3? 1? Valued at $22.0 billion as of the end of Q2 2020, this remains Berkshire's second-largest equity position behind Apple Inc. (AAPL), at $89.4 billon.1?

Other Notable Moves
After financing the acquisition of Anadarko Petroleum by Occidental Petroleum Corp. (OXY),5? Berkshire eventually received 18.9 million common shares of Occidental, worth $219 million as of the end of Q1 2020.3? This position was sold in Q2 2020.

During Berkshire's annual meeting in May, Buffett announced that they had exited their holdings of four major U.S. airlines, confirmed by the Q2 Form 13F.6? 1?

For the second consecutive quarter, Berkshire trimmed holdings of satellite radio service Sirius XM Holdings Inc. (SIRI). This position is now 50 million shares, down by 62% from 132 million at the end of Q1 2020, and worth $264 million at the end of Q2 2020.3? 1?


Warren Buffett’s new investment strategy!! Big moves ahead!! GPL is positioned well for growth as metals prices soar to new highs!!
————————————————-
Warren Buffett’s group pares back holdings in Wells Fargo, JPMorgan, PNC and Goldman Sachs

Warren Buffett, through Berkshire Hathaway, is one of the single-biggest individual shareholders in US banks © REUTERS

August 14, 2020 10:43 pm by Eric Platt and Robert Armstrong in New York
Warren Buffett’s Berkshire Hathaway significantly cut its stakes in some
of the largest US banks in the second quarter, selling billions of
dollars worth of stock in Wells Fargo, JPMorgan Chase and other
financial institutions.

Berkshire Hathaway disclosed on Friday it had sold 85.6m shares of Wells
Fargo in the quarter, reducing its stake from 7.9 per cent to 5.8 per
cent of the lender, according to a filing with US securities
regulators. Berkshire also sold 35.5m shares of JPMorgan, lowering its
stake to 0.7 per cent from 1.9 per cent, and a substantial minority of
its longtime holding PNC Financial.

Mr Buffett sold the last of his financial crisis-era investment in
Goldman Sachs in the quarter, which was worth just under $300m at the
end of March. He cut Berkshire’s stakes in M & T Bank, Bank of New York
Mellon, US Bancorp, Mastercard and Visa as well. In total, including
both financial and non-financial stocks, Berkshire dumped $12.8bn worth
of shares in the quarter.

Through Berkshire, Mr Buffett is one of the single-biggest shareholders
in US banks and his decision to pare back his exposure will be parsed
by investors globally, especially given the timing.


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Gold rising to $4,000 an ounce ‘would not be an unreasonable move,’ fund manager says
Published: Aug. 8, 2020 at 4:44 p.m. ET





https://www.marketwatch.com/story/gold-rising-to-4000-an-ounce-would-not-be-an-unreasonable-move-fund-manager-says-2020-08-06?mod=home-page


Any fund controlled by banks - I am scared for to have any savings in -
what's your opinion - all opinions appreciated -
thanks in advance -

E.g.,
Great Minds: Ellen Brown - Did You Know Banks Can Take Your Money in A Crisis? VIDEO

This is Our Money!!! A Must Watch ...

https://www.youtube.com/watch?v=eSRPvMxIAb0&feature=youtu.be

good message - by Shermann

Btw.
I prefer hard rock safety mines ex.... )


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God Bless America
Ps.
opinion appreciated
TIA