Betting On Trump: Buffett Bought $12 Billion In Stocks Since The Election

Tyler Durden's picture

Count one of Hillary Clinton's biggest financial backers, billionaire Warren Buffet, among the biggest fans of the "Trump rally."

In an interview with Charlie Rose recorded on Friday, Warren Buffett said that since the election day, Berkshire Hathaway bought $12 billion in stock. This was a change in strategy for Buffett, who as it turns out was a net seller in the first nine days of the month, when Hillary seemed like a guaranteed winner in the November election, one which Buffett was selling into.

“We’ve, net, bought $12 billion of common stocks since the election,” he said in an interview with Charlie Rose that aired on Friday. Buffett didn’t identify the securities that he picked. As of Sept. 30, Berkshire had an equity portfolio valued at $102.5 billion.

Purchases of that magnitude represent a major pickup in activity for Omaha, Nebraska-based Berkshire. During the first nine months of last year, the company bought $5.2 billion and sold or redeemed roughly $20 billion worth of stocks, according to a regulatory filing. In 2015, Berkshire bought about $10 billion of equity securities

For now, Buffett's bet has proven wise: stocks have rallied since the Trump victory as investors speculated that the Republican’s policies will stimulate the economy. However, in recent days gains have been pared as the Trumpflation rally is rapidly cooling. On Monday, after the turbulent rollout of an immigration order raised concern that the new administration may follow through with isolationist policies, stocks plunged by the most in 2017.

Buffett also told Rose he was skeptical that the U.S. could increase output at a 4 percent annual clip, as the president has said he’s aiming to achieve. “That’s pretty high,” Buffett said. “Two percent will produce miracles.”

Some more details:

Rose asked if Buffett’s most-recent purchases included airlines. Buffett ducked the question, saying only that Berkshire held stakes in airlines as of Sept. 30.

 

In November, Berkshire disclosed that it held in American Airlines Group Inc., Delta Air Lines Inc., and United Continental Holdings Inc. at the end of the third quarter. The billionaire said that month that Berkshire also bought a stake in Southwest Airlines Co. since Sept. 30.  Buffett told Rose he wouldn’t get into why Berkshire bought the shares, but said that it was “in large part” his decision.

Previously Buffett said he’s confident in the U.S. economy’s long-term prospects no matter who wins an individual election, although he had a clear preference for Hillary winning.

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ZoroAustrian's picture

What a fuckin scumbag

Darktarra's picture

Fist full of dollars ... play both sides against themselves, and in the middle collect billions! 

Looney's picture

 

Buffett has bought quite a few Presidents, but he won’t be able to buy Trump. I hope?  ;-)

Looney

Never One Roach's picture

i hope he added lots of RGR. I bet it goes up as Hillary people continue their violent anti-Americanism.

Jim Sampson's picture

HAHAHAHAHAHAHA!!!!   When they pull the rug on Donald, Tub Boy Buffet will go down!!!!

ebworthen's picture

I knew there was money somewhere to bail out S.S. and Medicare.

abyssinian's picture

All this scam does is publishing how much stocks he bought months after. every time! Never heard anything about when he sells anything... lol 

 

Buffett, Soro, everyone is waiting for the day they announce your funeral... come on, you two old dbags can do it. just die already. 

blue51's picture

Speaking of scumbags , Soros is getting unwanted attention in Europe .https://youtu.be/spiVRC7PO1I

King Tut's picture
King Tut (not verified) Jan 31, 2017 9:57 AM

I get the feeling that hell doesn't want this SOB

FreeShitter's picture

Buffet has top insider info...he knows every big move.

silverer's picture

Warren is now becoming a grab bag of entertainment. Gartman, watch out! You've got competition! lol

charlie303's picture
charlie303 (not verified) Jan 31, 2017 10:00 AM

Not afraid to play both sides.

venturen's picture

I hope Trump surprises the old dirty bag

SuperRay's picture

Funny that there's an ad to donate to refugee organizations on ZH. Hope they're getting their money's worth. Lol

Arnold Babar's picture

“We’ve, net, bought $12 billion of common stocks since the election,"

 

The author misspelled Congressmen

 


cheech_wizard's picture

I'd give that even more up arrows if I could... Good to see a butt-hurt Congressman apparently reads ZeroHedge as well.

allamerican's picture

sold on h and bot on dt.

yea, guys mind blown out.

Yen Cross's picture

 Would someone please put that unholy shapeshifter to rest!?

  Warren you're nose is tatooed with shit. You and Jeff Immelt spoon each-others asses every night.

MASTER OF UNIVERSE's picture

A rich man attempting to crawl through the eye of a needle with his requisite Camel humps.

 

What kind of an ANAL RETENTIVE MONEY HOARDER would buy $12 billion in stawks?

 

Up yours, Buffett!

Tlön Uqbar's picture
Tlön Uqbar (not verified) Jan 31, 2017 10:07 AM

Here is the teacup here is the spout. Buffet has 12 billion on your account.

Fuck you, Warren. You're just a fucking rabbit hole.

friendly manitoba's picture

no wonder the market moved - every broker he used - and that would be someone in every firm - tagged on and now he goes on charlie rose to excite the cab drivers so he has someone to sell to ..

he likes the billion dollar lifts - i bet he is already out 

Bryan's picture

Welcome aboard the Trump train, Warren.

Owl's picture

Buffet rarely makes bad bets and that is why he is who he is.

Fathead Slim's picture
Fathead Slim (not verified) Owl Jan 31, 2017 10:43 AM

You mean like a "gambler" who will only bet on a sure thing? How do you know when a bet is a sure thing? Foreknowledge of a fix is the only way to consistently identify a sure thing.

DosZap's picture

Buffets daughter just put out a piece saying her father did not care about money.

I said, well if I was worth 38 Billion neither would I.If he doesn;t care about it, why keep making it?.

Kirk2NCC1701's picture

If papa Buffet does not care about money, then it's about... Power ?

(We know it's not about the girls he could have had).

Spectre's picture

Buffett, I'm in hopes that at least one of your industry sector stock bets implode and further that the media will make it headlines.

allamerican's picture

how's the underwear busn going warren.

onwisconsinbadger's picture

Old man has lost it. Sad !

cheech_wizard's picture

Dear Warren, why won't you just die already?

Standard Disclaimer: A king has his reign, and then he dies. It's inevitable. That is natural order of things.

Wee_littte_dogee's picture

Don't believe a word of it, not a single word...

realWhiteNight123129's picture

The man forgot to be stupid, for sure.

 

alpha-protagonist's picture

Celebrity Death Match: Warren Buffet against George Soros...

Yen Cross's picture

  Why is Warren buying at ATH? Maybe he's covering some beta we don't know about. [ GS & BAC shares and warrants ]

bluskyes's picture

Does he still own any derivatives?

dlfield's picture

Attaboy, Warren, way to sell low and buy high!

Quinvarius's picture

When ever they wheel this terrible piece of shit out to brag on stocks, terrible things are happening.

observer2017's picture

Maybe he's willing to spend 12 billion to gain some favour with Trump. 

SofaKingCool1's picture

The Oracle of Obama is nothing more than a crony capitalist. 

He bet huge on banks in 2008, then lobbied his pal Barry O to bail out the banks.

Barry O's Chicago goombas brought all top banks into a room, and told them they ALL better take stimulus money, whether they needed it or not....FACT. 

bobdog54's picture

F@cking douchebag!  damned hypocrite but then I knew that....

wow017's picture

Buffet's mouth supported Clinton but he moves form his wallet.  

He would have sold about this same time under her.

This has nothing to do with poitics just a white old dudes money greed.

YoungSword's picture

Perhaps Buffett and Gates both play both sidrs of the fence because of O's Legacy....

Financialy, President Obama's Economy:

- Lowest Labor Participation Rate since 1970s

- Almost 95 million Americans out of the labor force

- Worst Recovery since 1940s (first president to not have 1 year with 3% or above growth)

- Lowest Home ownership rate in 51 years

- Almost 13 million MORE Americans on food stamps than in 2009

- Over 43 million living in poverty

- 1 in 5 Families without someone in the workforce

- 1 in 6 men ages 18 to 34 are either incarcerated or out of the labor force

- created more debt than all other presidents combined.

 (source: census bureau, BureauLabor , Treasury dept, cbo)

 

     I am so glad it is O-ver! End of an ERROR.  O-B-A-M-A    

           One Big Ass Mistake America

Iambic PentaMaster's picture

Buffett safe-betting on Trump.