OXY - Warren Buffett Ignores Buy-And-Hold Strategy With This Home Builder: Are Other Stocks At Risk? | Benzinga
Has Warren Buffett abandoned his investment thesis? Perhaps he couldn’t resist the allure of profits from home builder D.R. Horton Inc (NYSE:DHI), whose price popped 70% in 2023.
The Oracle of Omaha jettisoned his stake in D.R. Horton after holding it for less than a year.
That’s according to a filing with the U.S. Securities and Exchange Commission, in which Buffett’s company, Berkshire Hathaway Inc (NYSE:BRK), disclosed that it sold its entire holding in D.R. Horton during the three months between October and December.
The shares ended December at around $152. See chart below.
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In August, Berkshire revealed that it ...