CAPITAL ONE FINANCIAL CORP DEP SHS REP 1/40TH NCUM PFD SER N
COF-N15.1300.13% ( -0.020 )
Billionaire Activist Investor Dan Loeb’s Anti-Buffett Trade — Third Point Buys This Stock as Berkshire Hathaway Slashes Its Major Stake
benzinga_article·- Billionaire activist investor Dan Loeb’s Third Point increased its stake in Capital One Financial Corp. by 685,000 shares in the second quarter, while Warren Buffett’s Berkshire Hathaway reduced its stake by 58 %. - The bullish move was driven by Capital One’s May 2025 acquisition of Discover Financial Services, transforming the company into a full-stack payments provider. - Capital One reported strong second-quarter results with adjusted earnings of $5.81 per share and revenue reaching $15.85 billion, beating Wall Street estimates.What Did Berkshire Hathaway Buy in Q2?
Baystreet·- Berkshire Hathaway became a net buyer of stocks in the second quarter, with its portfolio value rising from $263 billion to around $299 billion. - Under CEO Greg Abel, the firm initiated a position in D.R. Horton, exited Constellation Brands, and substantially increased its stake in Alphabet by 83%. - Berkshire also raised its holdings in Delta Air Lines, Lennar, New York Times, and Macy's, while trimming investments in Bank of America, Kroger, Ally Financial, and Capital One.