Key Points: Buffet and his team added Kroger Inc (KR) and Aon PLC (AON) in the second quarter. Sold 10% of Berkshire Hathaway’s General Motors (GM), in total 7,000,000 shares. Apple (AAPL) remains unchanged and is the largest stake in this portfolio with ~41%. Warren Buffett’s Berkshire Hathaway made several changes to its equity portfolio…
Berkshire Hathaway, Warren Buffett’s investment conglomerate, reported Q1-2021 figures this Saturday. Its results are rebounding from the worst effects of the COVID-19 pandemic and will extend its stock repurchases by buying back $6.6 billion. Operating profit increased 20% to $7.02 billion, from $5.87 billion last year. Berkshire also reported a net income of $11.71 billion, …
Warren Buffett’s Berkshire Hathaway reported on Saturday that its quarterly operating income rose by 14%, mainly driven by higher prices of stock holdings such as Apple. This led to a higher overall profit. Fourth-quarter operating income rose to $5.02 billion from $4.42 billion a year earlier and net income, reflecting the stock gains, rose 23%…
In brief: Buffet and his team added pharmaceutical stocks AbbVie, Bristol Myers Squibb, Merck, and Pfizer to its stock portfolio in the third quarter. Sold 3% of Berkshire Hathaway’s Apple shares Reduced his exposure to the financial sector by selling 95% of the JPMorgan Chase investment, Wells Fargo (-46%), MTB (-35%) ,and PNC Financial Services…
The cloud-based data-warehousing company Snowflake IPO will trade next week under the ticker SNOW. The IPO includes commitments from Buffett’s Berkshire Hathaway (BRKB) and Salesforce Ventures part of Salesforce(CRM) . Berkshire will buy $570 million worth of shares in Snowflake. Participating in an initial public offering is an unusual step for Buffett since the normal…
Multi-billionaire Warren Buffett and CEO of Berkshire Hathaway has taken stakes in Japan’s five largest trading houses, with a total value of more than $ 6.25 billion. These trading companies are: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. Berkshire Hathaway now owns more than 5% of each of those trading houses. The holdings were built up…
Berkshire Hathaway sold all of its shares in Goldman Sachs. Stakes in banks such as Wells Fargo and JPMorgan have also been significantly reduced, according to the 13F filing on Q2-2020 published on Friday after the market. This is the second time Warren Buffett shakes up his equity portfolio this year. Earlier this year, Berkshire…
Berkshire Hathaway (BRKB) bought roughly 16 million more shares of Bank of America (BAC), at an average price of just over 24, SEC filings of June 27, 2020 show. The Bank of America Corp stake is now 998,086,989 shares, representing an amount of $24,313,399,05 or an 11.5% stake at the moment of writing. The top-3 stocks…
Berkshire Hathaway (Warren Buffett) said that the conglomerate has sold all positions in the U.S. airline industry because of coronavirus. The news was announced on Saturday afternoon from Omaha came after Berkshire Hathaway reported first-quarter earnings. The total position of $4 billion dollars, included positions in United, American, Southwest and Delta Airlines. In total this…
Warren Buffett bought shares of Kroger (KR) and Biogen (BIIB) in Q4-2019, and reduced his Apple (AAPL) and Wells Fargo (WFC) stakes, according to Berkshire Hathaway’s (BRKB) latest quarterly SEC 13F filings. Buffett bought nearly 19 million shares of Kroger, worth around $549 million, and almost 649,000 shares of Biogen, representing a holding of $192…