LatticeworkTHE EVIDENCE DESK

Decision Timeline

BRK/A, decision by decision.

Not just who owns it now. This is the sequence of material choices managers reported, when each choice became visible, and the observed result after disclosure.

Material decisions
7
Buy / add
2
Trim / exit
5

Eight-quarter evidence

4 reported quarters
  1. Q2 2026

    filed Aug 24, 2026

    55d lag

    ADD+100.0%

    First Eagle Investment Management · 0.7% of reported portfolio

    Original SEC filing ↗

    -0.8% vs SPY

    28 sessions after disclosure

    direction not supported so far

  2. Q2 2026

    filed Aug 14, 2026

    45d lag

    ADD+450.0%

    Bruce Berkowitz · 0.6% of reported portfolio

    Original SEC filing ↗

    +1.1% vs SPY

    34 sessions after disclosure

    direction supported so far

  3. Q2 2025

    filed Aug 8, 2025

    39d lag

    TRIM-31.6%

    Christopher Davis · 7.2% of reported portfolio

    Original SEC filing ↗

    +0.2% vs SPY

    63 sessions after disclosure

    direction not supported so far

  4. Q2 2025

    filed Aug 6, 2025

    37d lag

    TRIM-28.8%

    First Eagle Investment Management · 1.5% of reported portfolio

    Original SEC filing ↗

    -2.6% vs SPY

    63 sessions after disclosure

    direction supported so far

  5. Q1 2025

    filed May 15, 2025

    45d lag

    TRIM-58.5%

    Norbert Lou · 75.4% of reported portfolio

    Original SEC filing ↗

    -15.5% vs SPY

    63 sessions after disclosure

    direction supported so far

  6. Q1 2025

    filed May 15, 2025

    45d lag

    TRIM-41.4%

    Tweedy Browne · 13.1% of reported portfolio

    Original SEC filing ↗

    -15.5% vs SPY

    63 sessions after disclosure

    direction supported so far

  7. Q4 2024

    filed Feb 12, 2025

    43d lag

    TRIM-49.5%

    Tweedy Browne · 18.6% of reported portfolio

    Original SEC filing ↗

    +7.7% vs SPY

    63 sessions after disclosure

    direction not supported so far

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Material means a new or exited position, or at least a 20% share-count change, with at least 0.5% portfolio weight or $100 million reported value. Share counts are adjusted for confirmed splits. Outcomes start after disclosure, not at an invented trade date, and are not manager returns.