Billionaire Warren Buffett Sold 39% of Berkshire's Stake in Bank of America and Is Piling Into an Industry Leader That's Gained Almost 48,000% Since Its IPO

For some investors, no quarterly event holds more significance than earnings season -- the six-week period where a majority of the stock market's most-influential businesses unveil their operating results. But a strong argument can be made that Form 13F-filing season is just as important.A 13F is a required filing no later than 45 calendar days following the end to a quarter for institutional investors with at least $100 million in assets under management. This filing allows investors to see which stocks Wall Street's genius money managers have been buying and selling.Though there's no shortage of successful asset managers to track on Wall Street, none garners investor attention quite like billionaire Warren Buffett, who's been holding the reins as CEO of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) for the last 60 years. Buffett, who's set to retire from the CEO role at the end of this year, has overseen a cumulative gain in Berkshire's Class A shares (BRK.A) of better than 5,868,000%, as of the closing bell on July 25.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool