<p>对于一些投资者来说，没有哪个季度事件比财报季更重要——这是一个为期六周的时间段，在此期间，大多数对股市影响深远的企业会公布其运营结果。但可以强有力地论证，13F 表格的申报季同样重要。</p>
<p>13F 是一个强制性申报，必须在季度结束后的 45 个日历日内提交，适用于管理资产至少为 1 亿美元的机构投资者。此申报使投资者能够看到华尔街的天才资金经理们正在买入和卖出的股票。</p>
<p>尽管华尔街上有很多成功的资产管理者，但没有人能像亿万富翁沃伦·巴菲特那样吸引投资者的关注，他在过去 60 年里一直担任 <strong>伯克希尔哈撒韦</strong>(BRK.A -0.33%) (BRK.B -0.56%) 的首席执行官。巴菲特将在今年年底退休，截止到 7 月 25 日收盘，伯克希尔 A 类股票（BRK.A）的累计涨幅超过 5,868,000%。</p>
<p>当你在六十年间平均年化回报接近 20% 时，你必然会吸引大量关注。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY4NDYvYnVmZmV0dDE3LXRtZi5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY4NDYvYnVmZmV0dDE3LXRtZi5qcGcmdz03MDA"/></p>
<p>伯克希尔哈撒韦首席执行官沃伦·巴菲特。图片来源：The Motley Fool。</p>
<p>自 2022 年 10 月以来，被恰当地称为奥马哈的先知的巴菲特一直是股票的决定性净卖家，出售的股票比购买的多出 1744 亿美元。伯克希尔的核心投资之一，<strong>美国银行</strong>(BAC -1.51%)，在这次卖出活动中占据了相当大的份额。</p>
<p>然而，巴菲特也在寻找一些引人注目的投资机会，这从他连续三个季度（截至 2025 年 3 月）购买的行业领先股票中可以看出。</p>
<h2>沃伦·巴菲特从伯克希尔的投资组合中抛售超过 4.01 亿股美国银行股票</h2>
<p>尽管伯克希尔哈撒韦的亿万富翁首席执行官在过去两年多里一直是活跃的卖家，但他削减美国银行股票的举动，作为长期核心持股，确实令人瞩目。</p>
<p>在 2024 年 7 月 17 日——我们知道这个确切的日期，因为伯克希尔必须在持有至少 10% 股份的上市公司进行任何交易后的两个工作日内提交 4 号表格——巴菲特开始按下卖出按钮。在截至 3 月 31 日的九个月期间，奥马哈的先知抛售了超过 4.01 亿股美国银行股票，约占其曾经超过 10.3 亿股头寸的 39%。</p>
<p>获利了结很可能解释了巴菲特在美国银行的激进卖出活动。在 2024 年 5 月的伯克希尔年度会议上，他暗示，边际企业所得税率在未来可能会上升。尽管这一观点被用来为他在 <strong>苹果</strong> 的卖出活动辩护，但对于美国银行来说，这同样有道理，因为伯克希尔在其上坐拥一笔可观的未实现收益。</p>
<p>然而，华尔街上最受关注的亿万富翁投资者可能出于其他原因而出售美国银行股票，而不仅仅是为了获利了结。</p>
<p>如果有哪个行业是沃伦·巴菲特比其他任何行业更了解的，那就是金融业。虽然巴菲特充分认识到经济周期的非线性以及银行能够利用经济增长的长期时期，但他并不忽视美联储货币政策对银行的影响。</p>
<p>在华尔街最大的银行中，按总资产计算，没有哪家银行对利率变化的敏感度超过美国银行。当美联储在 2022 年 3 月至 2023 年 7 月期间应对四十年来最大的通货膨胀率飙升时，没有哪家大银行比美国银行更能从利率上升中受益。相反，随着国家中央银行现在进入宽松周期，利率下跌可能会比任何其他大银行更威胁到美国银行的净利息收入。</p>
<p>此外，沃伦·巴菲特在价值投资方面非常严格。无论他多么欣赏一家公司的管理团队、资本回报计划或竞争优势，他都不会购买或持有任何他认为不划算的公司的股票。</p>
<p>当伯克希尔在 2011 年 8 月首次通过优先股投资美国银行时，美国银行的普通股以 62% 的折扣交易于其账面价值。截止到 7 月 25 日收盘，美国银行的股票以 31% 的溢价交易于账面价值。巴菲特曾经垂涎的价格错位如今已不复存在。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY4NDYvc3RvY2stbWFya2V0LWNhbmRsZXN0aWNrLWNoYXJ0LWNpcmNsZS1idXktZGlwLWludmVzdC1nZXR0eS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY4NDYvc3RvY2stbWFya2V0LWNhbmRsZXN0aWNrLWNoYXJ0LWNpcmNsZS1idXktZGlwLWludmVzdC1nZXR0eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>伯克希尔的亿万首席在连续三个季度中购买了这只表现优异的股票</h2>
<p>在另一个极端，伯克希尔哈撒韦的首席执行官进行了非常有选择性的购买。虽然大多数投资者都关注他对卫星广播运营商 <strong>天狼星 XM</strong> 和快餐连锁店 <strong>达美乐比萨</strong> 的持续购买，但可以说，巴菲特购买清单上表现最强劲的长期超越者是 <strong>Pool Corp.</strong>(POOL -1.31%)。</p>
<p>自 1995 年 10 月首次公开募股（IPO）以来，这家游泳池用品及相关设备分销商的股票已上涨超过 35,000%。但加上支付的股息，这一总回报在不到 30 年内扩大到近 48,000%。巴菲特已连续三个季度购买 Pool 的股票，伯克希尔的总持股现已增至 1,464,000 股。</p>
<p>巴菲特对 Pool 未来的乐观态度部分源于其周期性联系。尽管新房建设放缓和/或经济疲软可能会减缓对新游泳池建设的需求，但美国经济在扩张的时间上往往占据不成比例的份额。对于像巴菲特这样的资金经理来说，他倾向于进行多年的投资，甚至是数十年的投资，因此进入 Pool 股票的时机并不是一个大问题。</p>
<p>伯克希尔的主要投资者可能会对 Pool 核心的剃刀与刀片式运营模式产生浓厚兴趣。其净销售额的绝大部分来自于持续的收入来源，例如用于维护或修理现有游泳池的产品。来自房主或游泳池技术人员的持续维护需求使得公司的销售和运营现金流高度可预测。</p>
<p>Pool Corp. 还在数字化投资方面进行创新。Pool360 是该公司为游泳池和水疗专业人士提供的软件平台，帮助进行调度、账单和库存管理等任务。软件通常比零售业务具有更高的利润率，这意味着随着 Pool360 在整体销售中占比的增加，Pool 的利润率也会提升。在截至 6 月 30 日的过去两年中，Pool360 的销售额从超过 12% 增长到超过 16%。</p>
<p>吸引奥马哈先知的最后一块拼图是 Pool 强劲的资本回报计划。Pool 在累计股票回购和向股东支付的股息上的支出几乎是其资本支出的 10 倍。巴菲特通常非常喜欢股票回购，因为这激励了长期投资。</p>
<p>如果说 Pool 有一个缺点，那就是公司并不便宜。其估值接近未来一年收益的 28 倍，以及 2026 年共识现金流的约 25 倍。这两个数字都略高于过去五年的平均水平，这表明巴菲特在 Pool 的买入活动可能不会延续到第四个连续季度。</p>

达美乐比萨

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伯克希尔哈撒韦-B

伯克希尔哈撒韦-A

美国银行

<p>沃伦·巴菲特已出售伯克希尔哈撒韦在美国银行的 39% 股份，抛售超过 4.01 亿股。这一出售趋势已持续超过两年，巴菲特一直是净卖出股票的投资者。尽管如此，他仍在购买其他公司的股票，包括天狼星 XM 和达美乐比萨。出售美国银行的决定可能受到未来潜在税收增加以及美联储货币政策对该银行净利息收入影响的影响。巴菲特的投资策略仍然专注于价值，因为美国银行的股票目前的估值高于其账面价值</p>

<p>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.</p>
<div class="lb-trans"><p>对于一些投资者来说，没有哪个季度事件比财报季更重要——这是一个为期六周的时间段，在此期间，大多数对股市影响深远的企业会公布其运营结果。但可以强有力地论证，13F 表格的申报季同样重要。</p>
</div><p>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.</p>
<div class="lb-trans"><p>13F 是一个强制性申报，必须在季度结束后的 45 个日历日内提交，适用于管理资产至少为 1 亿美元的机构投资者。此申报使投资者能够看到华尔街的天才资金经理们正在买入和卖出的股票。</p>
</div><p>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 <strong>Berkshire Hathaway</strong>(BRK.A -0.33%) (BRK.B -0.56%) 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.</p>
<div class="lb-trans"><p>尽管华尔街上有很多成功的资产管理者，但没有人能像亿万富翁沃伦·巴菲特那样吸引投资者的关注，他在过去 60 年里一直担任 <strong>伯克希尔哈撒韦</strong>(BRK.A -0.33%) (BRK.B -0.56%) 的首席执行官。巴菲特将在今年年底退休，截止到 7 月 25 日收盘，伯克希尔 A 类股票（BRK.A）的累计涨幅超过 5,868,000%。</p>
</div><p>When you average a nearly 20% annualized return over six decades, you're bound to draw a crowd.</p>
<div class="lb-trans"><p>当你在六十年间平均年化回报接近 20% 时，你必然会吸引大量关注。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY4NDYvYnVmZmV0dDE3LXRtZi5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F826846%2Fbuffett17-tmf.jpg&amp;op=resize&amp;w=700"/></p>
<p>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</p>
<div class="lb-trans"><p>伯克希尔哈撒韦首席执行官沃伦·巴菲特。图片来源：The Motley Fool。</p>
</div><p>Since October 2022, the aptly dubbed Oracle of Omaha has been a decisive net-seller of equities, with $174.4 billion more in stocks sold than purchased. One of Berkshire's core investment holdings, <strong>Bank of America</strong>(BAC -1.51%), makes up a notable chunk of this selling activity.</p>
<div class="lb-trans"><p>自 2022 年 10 月以来，被恰当地称为奥马哈的先知的巴菲特一直是股票的决定性净卖家，出售的股票比购买的多出 1744 亿美元。伯克希尔的核心投资之一，<strong>美国银行</strong>(BAC -1.51%)，在这次卖出活动中占据了相当大的份额。</p>
</div><p>However, Buffett is finding select pockets of intrigue, too, as evidenced by the industry-leading stock he's purchased for three consecutive quarters (through March 2025).</p>
<div class="lb-trans"><p>然而，巴菲特也在寻找一些引人注目的投资机会，这从他连续三个季度（截至 2025 年 3 月）购买的行业领先股票中可以看出。</p>
</div><h2>Warren Buffett dumped over 401 million shares of BofA from Berkshire's portfolio</h2>
<div class="lb-trans"><h2>沃伦·巴菲特从伯克希尔的投资组合中抛售超过 4.01 亿股美国银行股票</h2>
</div><p>Though Berkshire Hathaway's billionaire chief has been an active seller for more than two years, it's his paring of Bank of America stock, a longtime core holding, which is truly eye-opening.</p>
<div class="lb-trans"><p>尽管伯克希尔哈撒韦的亿万富翁首席执行官在过去两年多里一直是活跃的卖家，但他削减美国银行股票的举动，作为长期核心持股，确实令人瞩目。</p>
</div><p>On July 17, 2024 -- we know this precise date since Berkshire is required to file Form 4 within two businesses days following any transactions when it holds at least a 10% stake in a public company -- Buffett began pressing the sell button. Over a nine-month period, ended March 31, the Oracle of Omaha dumped more than 401 million shares of Bank of America stock, or roughly 39% of a position that once totaled north of 1.03 billion shares.</p>
<div class="lb-trans"><p>在 2024 年 7 月 17 日——我们知道这个确切的日期，因为伯克希尔必须在持有至少 10% 股份的上市公司进行任何交易后的两个工作日内提交 4 号表格——巴菲特开始按下卖出按钮。在截至 3 月 31 日的九个月期间，奥马哈的先知抛售了超过 4.01 亿股美国银行股票，约占其曾经超过 10.3 亿股头寸的 39%。</p>
</div><p>Profit-taking may very well explain Buffett's aggressive selling activity in BofA. During Berkshire Hathaway's annual meeting in May 2024, he intimated that the peak marginal corporate income tax rate was likely to climb in the future. Though this opinion was used to justify selling activity in top holding <strong>Apple</strong>, it would certainly make sense for Bank of America, as well, where Berkshire is sitting on a <em>sizable</em> unrealized gain.</p>
<div class="lb-trans"><p>获利了结很可能解释了巴菲特在美国银行的激进卖出活动。在 2024 年 5 月的伯克希尔年度会议上，他暗示，边际企业所得税率在未来可能会上升。尽管这一观点被用来为他在 <strong>苹果</strong> 的卖出活动辩护，但对于美国银行来说，这同样有道理，因为伯克希尔在其上坐拥一笔可观的未实现收益。</p>
</div><p>However, Wall Street's most-followed billionaire investor may be a seller of BofA stock for reasons other than just benign profit-taking.</p>
<div class="lb-trans"><p>然而，华尔街上最受关注的亿万富翁投资者可能出于其他原因而出售美国银行股票，而不仅仅是为了获利了结。</p>
</div><p>If there's a sector Warren Buffett has a bead on better than any other, it's financials. While Buffett fully appreciates the nonlinearity of economic cycles and the ability of banks to take advantage of disproportionately long periods of economic growth, he's not oblivious to the impact Federal Reserve monetary policy can have on banks.</p>
<div class="lb-trans"><p>如果有哪个行业是沃伦·巴菲特比其他任何行业更了解的，那就是金融业。虽然巴菲特充分认识到经济周期的非线性以及银行能够利用经济增长的长期时期，但他并不忽视美联储货币政策对银行的影响。</p>
</div><p>Among Wall Street's largest banks by total assets, none is more sensitive to changes in interest rates than Bank of America. When the Fed was combating the biggest surge in the prevailing rate of inflation in four decades between March 2022 and July 2023, no big bank benefited more from an increase in interest rates than BofA. Conversely, with the nation's central bank now in an easing cycle, falling rates could threaten BofA's net interest income more than any other big bank.</p>
<div class="lb-trans"><p>在华尔街最大的银行中，按总资产计算，没有哪家银行对利率变化的敏感度超过美国银行。当美联储在 2022 年 3 月至 2023 年 7 月期间应对四十年来最大的通货膨胀率飙升时，没有哪家大银行比美国银行更能从利率上升中受益。相反，随着国家中央银行现在进入宽松周期，利率下跌可能会比任何其他大银行更威胁到美国银行的净利息收入。</p>
</div><p>Additionally, Warren Buffett is an absolute stickler when it comes to value. No matter how much he appreciates a company's management team, capital-return program, or competitive advantages, he won't buy or hold shares of any company he doesn't view as a good deal.</p>
<div class="lb-trans"><p>此外，沃伦·巴菲特在价值投资方面非常严格。无论他多么欣赏一家公司的管理团队、资本回报计划或竞争优势，他都不会购买或持有任何他认为不划算的公司的股票。</p>
</div><p>When Berkshire first took a stake in BofA in August 2011 via preferred stock, Bank of America's common stock was valued at a 62% discount to its book value. As of the closing bell on July 25, BofA stock was valued at a 31% <em>premium</em> to book. The price dislocation that Buffett salivated over doesn't exist anymore.</p>
<div class="lb-trans"><p>当伯克希尔在 2011 年 8 月首次通过优先股投资美国银行时，美国银行的普通股以 62% 的折扣交易于其账面价值。截止到 7 月 25 日收盘，美国银行的股票以 31% 的溢价交易于账面价值。巴菲特曾经垂涎的价格错位如今已不复存在。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjY4NDYvc3RvY2stbWFya2V0LWNhbmRsZXN0aWNrLWNoYXJ0LWNpcmNsZS1idXktZGlwLWludmVzdC1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F826846%2Fstock-market-candlestick-chart-circle-buy-dip-invest-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Berkshire's billionaire chief has purchased this outperformer for three straight quarters</h2>
<div class="lb-trans"><h2>伯克希尔的亿万首席在连续三个季度中购买了这只表现优异的股票</h2>
</div><p>On the other end of the spectrum, Berkshire Hathaway's CEO has done some very selective buying. While most investors have focused on his continued purchases of satellite-radio operator <strong>Sirius XM Holdings</strong> and fast-food restaurant chain <strong>Domino's Pizza</strong>, arguably the strongest long-term outperformer on Buffett's buy list is <strong>Pool Corp.</strong>(POOL -1.31%).</p>
<div class="lb-trans"><p>在另一个极端，伯克希尔哈撒韦的首席执行官进行了非常有选择性的购买。虽然大多数投资者都关注他对卫星广播运营商 <strong>天狼星 XM</strong> 和快餐连锁店 <strong>达美乐比萨</strong> 的持续购买，但可以说，巴菲特购买清单上表现最强劲的长期超越者是 <strong>Pool Corp.</strong>(POOL -1.31%)。</p>
</div><p>Since its initial public offering (IPO) in October 1995, shares of this pool supplies and related equipment distributor have gained more than 35,000%. But tack on dividends paid, and this total return expands to nearly 48,000% in less than 30 years. Buffett has purchased shares of Pool for three consecutive quarters, with Berkshire's total stake now up to 1,464,000 shares.</p>
<div class="lb-trans"><p>自 1995 年 10 月首次公开募股（IPO）以来，这家游泳池用品及相关设备分销商的股票已上涨超过 35,000%。但加上支付的股息，这一总回报在不到 30 年内扩大到近 48,000%。巴菲特已连续三个季度购买 Pool 的股票，伯克希尔的总持股现已增至 1,464,000 股。</p>
</div><p>One reason for Buffett to be optimistic about Pool's future is its cyclical ties. Though slowdowns in new home construction and/or a weaker economy can slow demand for new pool construction, the U.S. economy spends a disproportionate amount of time expanding than contracting. For a money manager like Buffett, who tends to make investments for multiple years, if not decades, timing his entrance into Pool stock isn't a big deal.</p>
<div class="lb-trans"><p>巴菲特对 Pool 未来的乐观态度部分源于其周期性联系。尽管新房建设放缓和/或经济疲软可能会减缓对新游泳池建设的需求，但美国经济在扩张的时间上往往占据不成比例的份额。对于像巴菲特这样的资金经理来说，他倾向于进行多年的投资，甚至是数十年的投资，因此进入 Pool 股票的时机并不是一个大问题。</p>
</div><p>Something else that likely piqued the attention of Berkshire's lead investor is the razor-and-blade-style operating model at Pool's core. The overwhelming majority of its net sales derive from recurring streams, such as products to maintain or repair existing pools. Demand for ongoing maintenance from homeowners or pool technicians makes the company's sales and operating cash flow highly predictable.</p>
<div class="lb-trans"><p>伯克希尔的主要投资者可能会对 Pool 核心的剃刀与刀片式运营模式产生浓厚兴趣。其净销售额的绝大部分来自于持续的收入来源，例如用于维护或修理现有游泳池的产品。来自房主或游泳池技术人员的持续维护需求使得公司的销售和运营现金流高度可预测。</p>
</div><p>Pool Corp. is also thinking outside the box with its investments in digitization. Pool360 is the company's software platform for pool and spa professional that assists with scheduling, billing, and inventory management, among other tasks. Software typically sports higher margins than retail operations, which means Pool's margins can climb as Pool360 becomes a larger component of overall sales. Over the last two years, ended June 30, Pool360 has climbed from north of 12% of net sales to more than 16% of net revenue.</p>
<div class="lb-trans"><p>Pool Corp. 还在数字化投资方面进行创新。Pool360 是该公司为游泳池和水疗专业人士提供的软件平台，帮助进行调度、账单和库存管理等任务。软件通常比零售业务具有更高的利润率，这意味着随着 Pool360 在整体销售中占比的增加，Pool 的利润率也会提升。在截至 6 月 30 日的过去两年中，Pool360 的销售额从超过 12% 增长到超过 16%。</p>
</div><p>The final piece of the puzzle that's likely been enticing the Oracle of Omaha is Pool's hearty capital-return program. Pool is spending almost 10 times as much on cumulative share repurchases and dividends to its shareholders as it is on capital expenditures. Buffett tends to be a huge fan of share buybacks since they incent long-term investing.</p>
<div class="lb-trans"><p>吸引奥马哈先知的最后一块拼图是 Pool 强劲的资本回报计划。Pool 在累计股票回购和向股东支付的股息上的支出几乎是其资本支出的 10 倍。巴菲特通常非常喜欢股票回购，因为这激励了长期投资。</p>
</div><p>If there's one knock against Pool, it's that the company isn't exactly cheap. It's valued at nearly 28 times forward-year earnings and roughly 25 times consensus cash flow for 2026. Both of these figures are slightly above average over the trailing half-decade, which suggests Buffett's buying activity in Pool may not extend to a fourth straight quarter.</p>
<div class="lb-trans"><p>如果说 Pool 有一个缺点，那就是公司并不便宜。其估值接近未来一年收益的 28 倍，以及 2026 年共识现金流的约 25 倍。这两个数字都略高于过去五年的平均水平，这表明巴菲特在 Pool 的买入活动可能不会延续到第四个连续季度。</p>
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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

- 投资者关注的 13F 报告季节揭示机构投资者的股票买卖情况。  
- 巴菲特在过去两年内积极出售股票，尤其是减持了超过 401 万股美国银行。  
- 同时，他连续三季度增持了 Pool Corp. 的股份，显示出对其未来的乐观。  

亿万富翁沃伦·巴菲特出售了伯克希尔哈撒韦在美国银行 39% 的股份，并正在投资一家自首次公开募股以来增长近 48,000% 的行业领军企业