MKL - Why Did Berkshire Hathaway Sell 100% of Its Markel Stock?
2024-02-21 06:20:00 ET
Led by legendary investor Warren Buffett, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) is known for its long-term investing strategy. Many of its larger positions have remained in its portfolio for decades.
Given the company's usual patience, it was surprising to see it buy $620 million of Markel (NYSE: MKL) stock in early 2022, only for the entire stake to be liquidated last quarter.
Clearly something changed after Berkshire originally took its position, but given a recent pullback in Markel stock, there's reason to believe that Buffett and Berkshire could be back soon. This may be your chance to buy Markel stock before that happens.
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Why Did Berkshire Hathaway Sell 100% of Its Markel Stock?