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Dillard’s jumps more than 20% after one of Buffett’s investing lieutenants discloses personal stake

October 13, 2020

Dillard’s department store.

Source: Zereshk | Wikipedia

Shares of Dillard’s gained 27% on Monday — at one point during the session jumping more than 40% — after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down more than 40% this year amid lackluster sales. In the latest quarter, however, the retailer reported a much smaller-than-expected quarterly loss thanks to inventory and cost control measures. Revenue, however, came up short.

Weschler, along with Buffett’s other protege, Todd Combs,

Dillard’s Stock Skyrockets 30% After Warren Buffett’s Deputy Discloses 6% Personal Investment

October 12, 2020

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Shares of department store Dillard’s are surging close to 30% on Monday after a regulatory filing revealed that Ted Weschler, one of the highest ranking money managers at Warren Buffett’s storied conglomerate and investment vehicle, Berkshire Hathaway, owns a nearly 6% stake.

Shoppers enter the Dillard's store at the Broward Mall in Plantation, Florida, on Wednesday, August 20, 2003. Dillard's Inc. had a second-quarter loss of $50.4 million as sales fell after the 65-year-old department-store company reduced prices to try to keep shoppers from going to discounters and retailers such as Kohl's Corp.Shares of Dillard's declined as much as 13 percent. Photographer: Richard Sheinwald/Bloomberg News — Dillard’s

BLOOMBERG NEWS

Key Facts

Released just minutes after the market-close on Friday, a filing with the Securities and Exchange Commission revealed that Ted Weschler, a Berkshire money manager who many believe could be the firm’s next chief investment officer, acquired shares in late September that pushed his personal holdings past the 5% ownership threshold required for public disclosure.

Weschler now owns 1,081,000 shares of Little Rock, Ark.-based Dillard’s–equal to roughly 5.89% of the firm’s shares outstanding, the filing notes.

Shares of Dillard’s soared as much as 40% on Monday, pushing the firm’s market capitalization well past $1 billion, and settling at about $55 per share as

Dillard’s jumps more than 40% after one of Buffett’s investing lieutenants discloses personal stake

October 12, 2020

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Shares of Dillard’s jumped more than 40% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.
Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

Dillard's department store.

© Provided by CNBC
Dillard’s department store.

Shares of Dillard’s jumped 45% on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

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According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down more than 40% this

Dillard’s jumps 15% after one of Buffett’s investing lieutenants discloses personal stake

October 12, 2020

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Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.
Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

Dillard's department store.

© Provided by CNBC
Dillard’s department store.

Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer.

Load Error

According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million shares of Dillard’s, or about 5.89% of shares outstanding.

The Friday filing shows that Weschler topped the 5% threshold on Sept. 29. The filing noted that the shares will be held in a trust on behalf of Weschler’s family members.

Shares of Dillard’s are down

Kanye West Discloses Personal Finance Records

October 7, 2020

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Kanye West disclosed his personal finances as a result of his bid for presidency of the United States

Kanye West disclosed his finances as part of his presidential bid in early October. The 43-year-old rapper announced his bid for presidency of the United States via Twitter on July 4. He tweeted, “We must now realize the promise of America by trusting God, unifying our vision and building our future. I am running for president of the United States! #2020VISION.”

GettyKanye West announced his bid for presidency on July 4

West’s financial disclosures – obtained by Insider – value three of his corporations at more than $50 million each, including Yeezy LLC, Yeezy Apparel LLC, and Yeezy Footwear LLC. While he willingly released his finances, West opted from releasing wife Kim Kardashian’s disclosures due to “unusual circumstances.” Presidential candidates are normally required to release spousal information. “West’s omission

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