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I'm surprised it took so long to find out that SoftBank was a whale. When Buffett makes a move, usually the market catches on pretty fast.
by fakedang 6y ago
I'm surprised it took so long to find out that SoftBank was a whale. When Buffett makes a move, usually the market catches on pretty fast.
- toss1 6y agoThis is largely due to required SEC filings such as 10Q [1] and 13F [2] reports, etc. The 13F shows the list of stocks they own, down to the share. Successive reports will show bought/sold differences, but this is only a rear-view-mirror view, after the quarter is over, so the actual buy/sell may have been almost 4 months prior [1] https://www.berkshirehathaway.com/qtrly/2ndqtr20.pdf https://www.berkshirehathaway.com/qtrly/2ndqtr20.pdf [2] https://sec.report/Document/0000950123-20-005345/ https://sec.report/Document/0000950123-20-005345/
- fakedang 6y agoBut that's expected, except in Buffett's case, you get his positions on the next day itself due to the filing. I wonder if it's because SoftBank is a foreign entity, hence only required to report quarterly results optionally.