Part 5/9:
Key sell-offs included:
Phillips 66: Selling off $1.3 billion worth, raising eyebrows about his previous long-term intentions.
Charter Communications and American Airlines: These positions were trimmed possibly to offset increased stakes in Delta and Southwest.
Wells Fargo: Buffett's sale of $260 million wasn’t a vote of no confidence but merely a housekeeping measure to keep his holdings under 10% for regulatory reasons.
Frankel advises investors to dig deeper into the reasons behind plays in the 13F filings rather than taking sales at face value.