How Warren Buffett Went From Hating To Loving Banks

Since the financial crisis, Warren Buffett’s Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate’s vast equity portfolio. Until very recently, Wells Fargo was also a prominent position in the portfolio. In the first quarter of 2019, the second and third largest holdings in the portfolio respectively were Bank of America and Wells Fargo. In the third quarter of 2017, Wells was the largest holding, accounting for 14% of equity assets. Along…