5 Stocks Warren Buffett is Selling

1. Suncor Energy Inc. (NYSE: SU)

Number of Hedge Fund Holders: 33    

Suncor Energy Inc. (NYSE: SU) is a Canadian energy company. It is ranked first on our list of 10 stocks Warren Buffett is selling. The stock has offered investors returns exceeding 44% over the course of the past twelve months. Berkshire Hathaway no longer holds any stake in the firm as Buffett has, in the first three months of 2021, sold all the ownership he held in the firm last year.

On May 26, Suncor Energy Inc. (NYSE: SU) announced that it would aim to reach net zero emissions by 2050 and accelerate progress on the front by cutting present greenhouse gas emissions with a target of reducing them by 30% by 2030. 

At the end of the first quarter of 2021, 33 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Suncor Energy Inc. (NYSE: SU), up from 25 in the preceding quarter worth $686 million.

In its Q2 2020 investor letter, Brown Advisory, an asset management firm, highlighted a few stocks and Suncor Energy Inc. (NYSE: SU) was one of them. Here is what the fund said:

“We eliminated our small holding in Cimarex Energy in favor of consolidating our oil-related investments by adding to existing holding Suncor Energy, which we believe is a stronger company to own with oil prices at a historic low.”

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