Did Berkshire Hathaway Sell Its Shares In StoneCo Ltd. During The Third Quarter?Dr. David Kass
Did Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) sell its shares in StoneCo Ltd (NASDAQ:STNE) during the third quarter? BRK purchased an 11% stake in STNE at its IPO in Oct. 2018 at $24 for $340 million. Berkshire reduced its “Finance” holdings by $1.4 billion (cost basis) during the third quarter. STNE dropped from $67 on June 30 to $34 on September 30, and $28 on November 10.
This question will be answered when Berkshire’s SEC Form 13F for the third quarter is due to be reported after the market closes on Monday, November 15.
Article by Dr. David Kass