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Fortune

Jason Ma

Legendary investor Warren Buffett marks 3 straight years as a net seller of stocks with a new CEO about to take charge at Berkshire

Warren Buffett IN: Berkshire Greg Abel Berkshire Hathaway

(Credit: Drew Angerer—Getty Images)

Berkshire Hathaway’s third-quarter earnings report on Saturday revealed Warren Buffett continued to sell more stocks than he bought, with the legendary investor poised to step down as CEO by year’s end.

The conglomerate sold $12.5 billion of stock in the latest period and bought $6.4 billion worth, marking the 12th consecutive quarter of net selling. More details on specific stocks will come in a separate regulatory filing later this month.

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