tyb
Buffett's Berkshire buys gold miner Barrick, slashes Wells Fargo and JPMorgan, dumps Goldman stake amid chinavirus
Warren Buffett's Berkshire Hathaway Inc. (BRK)(BRK) unloaded more than a quarter of its stake in Wells Fargo & Co. (WFC) and about 61% of its position in JPMorgan Chase (JPM) while acquiring a new position in Barrick Gold Corp. (GOLD) according to 13F filings with the Securities and Exchange Commission for the period ended Jun 30, that were released Friday afternoon. Berkshire's moves appeared to reflect a broad lightening of the conglomerates exposure to large-capitalization banks during the worst public health crisis in generations. Berkshire sold 85.6 million shares of Wells Fargo, representing about 26% of its stake and putting its ownership to about 3% from 5.3%. The insurance conglomerate also shed 35.5 million shares of JPMorgan, 61% of its position, which now represents 1% of Berkshire's overall portfolio from 3% in the prior period. Meanwhile, the investment firm acquired nearly 21 million shares of Barrick Gold worth $563 million, representing 0.3% of Berkshire's holding. Berkshire also reduced its holding in PNC Financial Services (PNC) selling 3.85 million shares to cut its position to 0.3% from 0.5%. The insurance conglomerate boosted its stake in grocery chain Kroger Co. (KR) by 15%, purchasing 3 million shares. The report also showed that Buffett's firm dumped its entire stakes in Goldman Sachs (GS) Occidental Petroleum Corp. (OXY) as well as consummating an exodus of airline companies, including American Airlines Group Inc. (AAL) Delta Air Lines (DAL) United Airlines (UAL) and Southwest Airlines Co. (LUV) Berkshire didn't change its holdings in Apple Inc. (AAPL) where the firm owns at 245.156 million shares. Large investors must disclose long stock positions held at the end of a quarter 45 days later in a 13F filing with the SEC, which means such filings are merely a snapshot of an investor holdings at a given point. Berkshire Class A and B shares are down by about 0.6% and 0.5% at Friday's close. Meanwhile, shares of Wells Fargo were down 0.8% in after-hours trade on Friday, JPMorgan shares edged 0.1% lower, while Barrick's stock was up 3.9% after Friday's closing bell. The Dow Jones Industrial Average (DJIA) booked a meager gain on the day, while the S&P 500 index (SPX) and technology-laden Nasdaq Composite Index (COMP) closed in negative territory. However, all three benchmarks booked weekly gains.
https://www.marketwatch.com/story/buffetts-berkshire-buys-gold-miner-barrick-slashes-wells-fargo-and-jpmorgan-stakes-amid-coronavirus-2020-08-14
Herbalife Nutrition, Inc. sold by Carl Icahn Assoc. LLC: $717.69m-August 12
This was reported on August 12th-filed this evening
Icahn Enterprises sells off millions of shares in Herbalife, but remains its largest shareholder
Icahn Investments sold 14.7 million shares of Herbalife Nutrition after the dietary supplement announced it would buy back up to $750 million of its stock. The Sunny Isles Beach-based company, led by billionaire investor Carl Icahn, still controls 15.5% of Herbalife's (NYSE: NLF) stock and remains its largest shareholder.
https://www.bizjournals.com/southflorida/news/2020/08/12/icahn-enterprises-sells-herbalife-stock.html
https://www.finviz.com/insidertrading.ashx?oc=921669&tc=7&b=2
Floor and Decor Holdings, Inc. sold by Ares Management LLC: $365.53m-August 13
Secondary Offering via Shelf Reg of May 2018-see below
Entry into a Material Definitive Agreement, Financial Statements and Exhibits (form 8-K)
On August 10, 2020, Floor & Decor Holdings, Inc. (the "Company") entered into an Underwriting Agreement (the "Underwriting Agreement") by and among the Company, Morgan Stanley & Co. LLC (the "Underwriter"), and the selling stockholders named therein (the "Selling Stockholders"), relating to an underwritten public offering (the "Offering") by the Selling Stockholders of an aggregate of 5,686,422 shares of the Company's Class A common stock, par value $0.001 per share (the "Shares"), at a public offering price of $67.60 per Share. The Offering closed on August 13, 2020. The Company will pay the expenses associated with the sale of Shares by the Selling Stockholders. The Offering was made pursuant to the Company's effective shelf registration statement on Form S-3 (File No. 333-225145), which was filed with the Securities and Exchange Commission on May 23, 2018, and the related prospectus supplement and accompanying prospectus.
https://www.marketscreener.com/FLOOR-DECOR-HOLDINGS-I-34676171/news/FLOOR-DECOR-HOLDINGS-INC-Entry-into-a-Material-Definitive-Agreement-Financial-Statements-and-31122590/
Floor & Decor Holdings, Inc., formerly FDO Holdings, Inc., is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY). The Company engages their customers both through trained store associates and designers who can assist in narrowing choices and making the process of home renovation easier. Number of employees : 7 317 people.
https://www.marketscreener.com/FLOOR-DECOR-HOLDINGS-I-34676171/company/
https://www.arescapitalcorp.com/
Ares Management Corporation (NYSE: ARES) is a global alternative investment manager operating three integrated businesses across credit, private equity and real estate. In 1997, Ares was founded by a veteran team of investment professionals to pursue investment opportunities and deliver flexible capital across all levels of a company's structure and in different market environments. Ares is headquartered in Los Angeles, with additional offices across North America, Europe, and Asia. Ares reported over $149Bn in assets under management at the end of March 2020. Around 76% of assets ($112.5Bn) are in the credit business, 12% ($22.0Bn) are in private equity, and 9% ($14.1Bn) is in real estate as of last quarter. In 2017, former Louisiana governor Bobby Jindal was hired as an operating adviser.
moar here
https://en.wikipedia.org/wiki/Ares_Management
https://www.finviz.com/insidertrading.ashx?oc=1428903&tc=7&b=2
chek't