Berkshire Hathaways 13-F Filings, Slashes Wells Fargo holdings, Exits Costco entirely, 95% reduction in JPM position

Didn’t see anyone post about this, but here’s a picture of notable movements in their portfolio.
Any idea why he’s placing his financial bets on BAC. And why exit Costco fully, that’s interesting especially since Charlie Munger is on their board.

Here’s a graphic I found on Instagram detailing some of the notable movements.

View post on imgur.com

h/t Ars2012