Five Things You Need to Know to Start Your Day
Get up to speed with what's moving markets
Good morning. Hedge funds’ latest moves, the crypto rally stumbles and the Belarus border crisis shows signs of easing. Here’s what’s moving markets.
Hedge funds made their third-quarter holdings disclosures in so-called 13F filings last night, a closely-watched event for investors trying to follow smart money. Warren Buffett’s Berkshire Hathaway ended up cutting back on two of its payment bets -- Visa and Mastercard-- as well as two of its recent pharma bets -- Bristol-Myers and AbbVie. Meanwhile, George Soros’s investment firm boosted its bets on real estate and financial stocks during the period, disclosing new positions in Hill-Rom Holdings, MGM Growth Properties, JPMorgan and Goldman Sachs.