Under the continuous decline of US stocks, Buffett, the “share god”, could not sit still, and began to sell bank shares after reducing aviation stocks.

According to Berkshire Hathaway, a Warren Buffett company, submits an information disclosure report to the US Securities Regulatory Commission on April 9, April 7 and April 8. At the price of 35.3 to 35.8 US dollars per share, Berkshire Hathaway reduced its total holdings of 869,100 shares of Bank of New York Mellon. At the average price, the total value of shares held by the total reduction was about 30.9 million US dollars. At present, Berkshire Hathaway also holds 88.13 million shares of Bank of New York Mellon, the shareholding ratio is already less than 10%. According to the relevant regulations of the US Securities Regulatory Commission, after the holding ratio is less than 10%, it is not necessary to disclose the reduction.

And on March 3, Berkshire Hathaway had just increased its holdings of Bank of New York Mellon. According to the information disclosure on March 13, Buffett increased its holdings of Bank of New York Mellon (BNY Mellon) on March 3, and after the increase, it held 89 million shares of Bank of New York Mellon, accounting for more than 10% of the total share capital.

According to New York Mellon Bank ’s closing price of $ 38.83 per share on that day, the transaction cost approximately $ 359 million.

The Bank of New York Mellon Annual Report 2019 shows that Berkshire Hathaway, a subsidiary of Buffett, held 79.765 million shares at the time, with a shareholding ratio of 8.86% .

Buffett never hides his love for bank stocks. In an interview with CNBC on February 24, Buffett once again stated that compared to most other securities he saw, bank stocks were very attractive.

Buffett said: “I feel very good about the banks we own. Compared to most other securities I have seen, they are very attractive.”

Goldman Sachs, JPMorgan Chase, Bank of America, BNY Mellon and US Bank Bancorp) are among the top 15 companies held by Berkshire Hathaway.

“Banking is a good industry, if you don’t do stupid things in terms of assets.” Buffett said, “The net tangible assets of the banks we own range from 12% to 16 %. RelativeWith 2% of long-term bonds, this is a good deal. “

Buffett continued to say that most of the banks he holds are repurchased every year.” For example, Bank of America buys back stock every year, so this year we The shareholding ratio may rise by 7% or 8%. If I don’t spend a penny, the holding ratio will rise so much. We like any good business, especially a business that does not spend a penny every year and holds a 7% to 8% increase, and can also receive dividends. ”

Therefore, Buffett believes that these bank stocks are very attractive, whether relative to interest rates, bonds, or other stocks.

The Bank of New York Mellon is the 11th largest holding in Berkshire Hathaway, which has fallen by 25.7% from 2020 to present. It is roughly estimated that Buffett has lost at least more than 1 billion US dollars in this stock. This is not the worst. This round of US stocks plunge has caused Buffett ’s losses to exceed 46 billion U.S. dollars.

Statistics show that in Berkshire Hazard Among the top fifteen largest positions in Wei’s 2019 annual report, Delta Air Lines (DAL.N) has the highest decline, with a decline of up to 58% from 2020 to the present. Just at the beginning of April, Buffett had just priced at 22.96-26.04 USD In the interval, 12.99 million shares of Delta Air Lines were sold, about 314 million US dollars.

Wells Fargo, U.S. Bank of America, General Motors, Southwest Airlines N) The four U.S. stocks have also fallen by more than 30% during the year. Southwest Airlines has also suffered from Buffett Selling, sold 2.3 million shares of Southwest Airlines at a price range of US $ 31.38-33.97 / share, about US $ 74 million. After the reduction, the company currently holds 51334964 shares of Southwest Airlines.

Of the top fifteen positions in Berkshire Hathaway ’s 2019 annual report, only Moody ’s (MCo.N) has had a positive increase or decrease from 2020 to the present, but It is only up 2%.

According to the rough statistical display ofAs of April 11, since 2020, Berkshire Hathaway has lost US $ 46.5 billion in stock, converted to RMB325.5 billion (equivalent to the market value of A-share Gree Electric or Vanke A), accounting for its 19% of stock positions.

In terms of individual stocks, Berkshire Hathaway holds positions in Bank of America, Wells Fargo Bank, Apple, American Express, United Bank of America, Delta Air Lines , Coca-Cola, JPMorgan Chase, United Airlines, Kraft Heinz, and Bank of New York Mellon have all lost more than US $ 1 billion, and have lost more than US $ 6 billion on their largest holding, Apple. Berkshire Hathaway ’s positions in only less than 10 companies such as Moody ’s, Amazon, Costco, Biogene, and Teva Pharmaceuticals are profitable.

Judging from the performance of Berkshire Hathaway ’s individual stocks, Amazon ’s share price rose the most, with a cumulative increase of 10.55% during the year. American Airlines, Delta The share prices of Aviation, Western Petroleum and United Airlines performed the worst, with a cumulative decline of more than 50% during the year.