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, compared with a net loss of $49.75 billion a year earlier.
Berkshire repurchased $24.7 billion of its own stock in 2020. Despite the latest buybacks of $1 billion, it ended March with $145.4 billion of cash and equivalents.
Below some changes in the portfolio:
- Berkshire owned $110.9 billion Apple shares as of March 31, compared with the reported $120.4 billion as of December 31.
- Berkshire owned $40.0 billion Bank of America (BOA) shares as of March 31, compared with the reported $31.3 billion as of December 31.
See also our Buffett portfolio tracker for the Berkshire Hathaway portfolio details and the latest market values.