AI-led funds buy Warren Buffett’s Berkshire Hathaway stock for $900 million


AI-powered quant funds bought up $900 million worth of Warren Buffett’s Berkshire Hathaway shares. The company’s shares are in the top portfolio of more than 20 funds, although these funds are primarily focused on point investments in Big Tech.

AI-led funds buy Warren Buffett’s Berkshire Hathaway stock for $900 million

The conglomerate’s securities in the second quarter were bought by the largest hedge funds, says in a study by Goldman Sachs. Basically, fund portfolios were replenished with cheaper Class B Berkshire Hathaway, which differ from A with less voting power.

Berkshire Hathaway made the top 10 in 22 fund portfolios during the reporting period. Although these funds are mainly engaged in point investments in Big Tech – companies like Amazon, Apple, Microsoft. In total, the conglomerate’s securities are held by 98 funds, the study notes.

Quantum funds in their decisions are based on quantitative analysis, which is performed using artificial intelligence, mathematical methods and data science. More often, such funds look at the cost characteristics of securities and the rate of change in their price.

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Source: RB.RU by rb.ru.

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