What State Street Fin Select Sector SPDR (XLF) Bought: Berkshire Leads on Oct. 29

This article first appeared on GuruFocus. State Street Financial Select Sector SPDR ETF (XLF) reported $885.1 million in gross ETF activity on Thursday, all of it on the buy side. XLF increased all 76 of its positions and decreased none, with net buying of $885.1 million against a fund AUM of $53.58 billion. What did XLF buy on Thursday? Is XLF fairly valued? Test your thesis with our free DCF calculator. Its largest buys by dollar value were BRK.B ($111.6 million), JPM ($100.9 million) and V ($77.2 million). Stock Shares changed Value Position BERKSHIRE HATHAWAY INC CL B (BRK.B) +205,882 $111.6M 12.60% of fund JPMORGAN CHASE + CO (JPM) +293,584 $100.9M 11.40% of fund VISA INC CLASS A SHARES (V) +188,155 $77.2M 8.