"Guy Spier of Aquamarine Capital is an incredibly intelligent value investor who's heavily influenced by the great Warren Buffett. Just have a look at the Aquamarine portfolio, and you'll notice many Buffett stocks as well as names that the Oracle of Omaha probably would have liked. With Buffett now retired, perhaps it's Guy Spier and other Buffett followers who might be worth watching in any given quarter."
"In any case, Guy Spier's fourth-quarter moves are out, and there were remarkable sales right across the board. That might come off as a bit worrisome, especially given how rough January has been so far, with the S&P now down close to 1% on the year after a treacherous Tuesday over Greenland worries. With valuations at a high point, it should come as no surprise to see a Buffett-style value investor take quite a few chips off the table in the fourth quarter."
"Berkshire Hathaway ( NYSE:BRK-B), is, by far, the largest holding of Spier's fund. He's a big Buffett fan who actually went to lunch with the man, so it's no surprise to see Berkshire Hathaway comprise the core of Aquamarine. Reportedly, Spier reduced its Berkshire stake by just over 30%, which might be ringing alarm bells in the ears of some. Of course, the share sales would have come ahead of Buffett's eventual retirement."
Guy Spier's Aquamarine Capital, heavily influenced by Warren Buffett, holds many Buffett-style names with Berkshire Hathaway as the largest position. The fund executed only sales in Q4 and no new purchases, trimming positions broadly across the portfolio. Aquamarine reduced its Berkshire stake by just over 30%, though Berkshire still makes up nearly a third of the fund. The sell-offs appear driven by high market valuations and recent volatility rather than company-specific problems. January weakness and geopolitical worries intensified market declines. The reductions may create future entry points but also signal caution amid elevated market prices.
Read at 24/7 Wall St.
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