{"id":9211,"date":"2023-05-16T00:45:55","date_gmt":"2023-05-16T04:45:55","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/berkshire-hathaway-here-are-the-stocks-warren-buffett-and-co-bought-and-sold\/"},"modified":"2023-05-16T00:45:55","modified_gmt":"2023-05-16T04:45:55","slug":"berkshire-hathaway-here-are-the-stocks-warren-buffett-and-co-bought-and-sold","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=9211","title":{"rendered":"Berkshire Hathaway: Here Are the Stocks Warren Buffett and Co. Bought and Sold"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n<\/figure><\/div>\n

Berkshire Hathaway eliminated its equity investments in Bank of New York Mellon, U.S. Bancorp, Taiwan Semiconductor, and RH during the first quarter, according to a filing late Monday.<\/p>\n

\n Berkshire
\n (ticker: BRK.A, BRK.B) also initiated a position in
\n Capital One Financial
\n (COF), buying a stake of 9.9 million shares worth about $900 million.\u00a0Shares of the firm were up nearly 6% in after-hours trading. <\/p>\n

\n

Berkshire had held some 25 million shares of
\n Bank of New York Mellon
\n (BK) worth more than $1 billion, 8.9 million shares of
\n Taiwan Semiconductor
\n (TSM) worth $700 million, nearly 7 million shares of
\n U.S. Bancorp
\n (USB) worth less than $300 million, and some 2.4 million shares of
\n RH
\n (RH), the furniture chain, worth $600 million.<\/p>\n

CEO Warren Buffett told shareholders at Berkshire\u2019s annual meeting that he has been a seller of bank stocks because he has become less enamored with the industry.<\/p>\n

Berkshire also reduced its stake in
\n Activision Blizzard
\n (ATVI) by 3.3 million shares to 49.4 million shares, a stake worth about $3.3 billion.\u00a0<\/p>\n

Berkshire reduced its interest in
\n General Motors
\n (GM) by 10 million shares in the first quarter to 40 million shares, a stake now worth about $1.2 billion.\u00a0<\/p>\n

Buffett said at the annual meeting that the auto industry is \u201ctoo tough\u201d and that \u201cI don\u2019t think I can tell you what the auto industry will look like 5 or 10 years from now.\u201d It\u2019s believed that Berkshire\u2019s holding in GM was initiated by either Todd Combs or Ted Weschler, who together run about 10% of the company\u2019s $350 billion equity portfolio. <\/p>\n

Buffett generally doesn\u2019t spell out which equity holdings are his, which are from Combs and Weschler, and which may be held in common. Buffett runs 90% of the portfolio and as CEO is responsible for it all.<\/p>\n

Berkshire\u2019s 13-F filing is complicated this quarter by the inclusion of holdings that had been reported separately by New England Asset Management, a unit of Berkshire\u2019s General Re insurance division.\u00a0<\/p>\n

Those holdings now are included in Berkshire\u2019s 13-F filing. The result is that Berkshire\u2019s holdings in a group of stocks, notably
\n Apple
\n (AAPL),
\n Bank of America
\n (BAC),
\n Chevron
\n (CVX), and
\n HP
\n (HPQ), are higher as reported in the 13-F versus the fourth quarter of 2022 but haven\u2019t actually changed. Berkshire disclosed the change in a news release Monday afternoon.<\/p>\n

Berkshire now holds 915.6 million shares of Apple, 1.03 billion shares of Bank of America, 132 million shares of Chevron, and 121 million shares of HP. The Apple stake is worth about $158 billion and accounts for about 45% of the entire portfolio.\u00a0<\/p>\n

The Chevron stake was reduced by 35 million shares in the first quarter, a disclosure made in Berkshire\u2019s 10-Q earlier in May. Berkshire bought 17 million shares of
\n Occidental Petroleum
\n (OXY) in the first quarter, which had also been disclosed earlier. Berkshire owns 211.7 million shares of the oil-and-gas company.<\/p>\n

Berkshire trimmed its holding in
\n Amazon.com
\n (AMZN) by about 100,000 shares and now holds 10.6 million shares of the online retailer. Berkshire cuts its investment in
\n McKesson
\n (MCK) by more than 500,000 shares and holds 2.3 million shares.<\/p>\n

Berkshire\u2019s
\n Coca-Cola
\n (KO),
\n American Express
\n (AXP),
\n Citigroup
\n \u00a0(C) holdings were essentially unchanged.<\/p>\n

Foreign investments aren\u2019t included in Berkshire\u2019s 13-F. An early May filing from utility unit Berkshire Hathaway Energy indicated\u00a0a sale of about $1 billion\u00a0of Chinese electric vehicle maker
\n BYD
\n (1211. HongKong) in the first quarter. In addition, Buffett has said that Berkshire has lifted its stake in five Japanese trading companies but he wasn\u2019t specific on the timing.<\/p>\n

Corrections & amplifications<\/strong>: Berkshire Hathaway\u2019s Apple stake is worth about $158 billion. A previous version of this article incorrectly said it was worth $158 million.\u00a0<\/em><\/p>\n

Write to Andrew Bary at andrew.bary@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Berkshire Hathaway eliminated its equity investments in Bank of New York Mellon, U.S. Bancorp, Taiwan Semiconductor, and RH during the first quarter, according to a filing late Monday. Berkshire (ticker: BRK.A, BRK.B) also initiated a position in Capital One Financial (COF), buying a stake of 9.9 million shares worth about $900 million.\u00a0Shares of the firm […]<\/p>\n","protected":false},"author":1,"featured_media":9212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-9211","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nBerkshire Hathaway: Here Are the Stocks Warren Buffett and Co. 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