Focused Compounding Ep 470. 13-F Season: Berkshire, Fundsmith, and Superinvestor Moves
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Aug 22, 2025 Dive into the intriguing world of 13F filings and discover key insights from Charlie Munger about top hedge fund strategies. Explore major stock movements, like Charter's dramatic decline, and the implications of significant acquisitions in healthcare. Gain perspective on investment philosophies tied to prominent companies such as Apple and Bank of America. Plus, uncover trends in the post-pandemic marketplace and evaluate the complexities of growth strategies in various industries. Finally, analyze unique investment opportunities revealed through market behavior.
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13F Filings Offer Delayed But Valuable Signals
- 13F filings reveal what large managers are doing with delayed but useful signals.
- Look for big additions, full sells, or large reductions rather than small trims.
Reading Berkshire's Moves Reveals Insurance Focus
- Berkshire's Q2 13F showed notable reductions like Charter and continued Apple and Bank of America trims.
- Large new positions such as Chubb likely reflect Buffett/Todd focus on insurance opportunities.
Treat New Buys As Industry Signals
- Evaluate new buys as industry signals, not one-off tips; check fundamentals on QuickFS.
- Compare valuation metrics like EV/FCF and returns on capital before assuming it's a bargain.
