OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.
But Buffett had already shared the biggest investments with Berkshire Hathaway
BRK.A,
BRK.B,
shareholders at the company’s recent annual meeting. That means investors already knew that he had invested heavily in Chevron
CVX,
Occidental Petroleum
OXY,
and HP Inc.
HPQ,
during the quarter, while picking up nearly 4 million more Apple
AAPL,
shares and betting that Microsoft’s acquisition of Activision Blizzard will go through.
But Monday’s Securities and Exchange Commission filing also revealed new stakes in Citigroup
C,
Ally Financial
ALLY,
media company Paramount Global
PARA,
insurer Markel
MKL,
chemical maker Celanese Corp.
CE,
and pharmaceutical distributor McKesson Corp.
MCK,
Berkshire also added 2 million General Motors
GM,
shares to give it 62 million shares of the automaker during a quarter when its cash pile shrank to $106 billion from $147 billion because of all of its stock purchases.
The filing Berkshire submitted Monday doesn’t make clear which moves Buffett made and which investments were made by Berkshire’s two other investment managers. But Buffett typically handles all the company’s larger investments worth more than $1 billion, such as Berkshire’s stakes in Apple, Bank of America
BAC,
and Coca-Cola
KO,
Buffett and other Berkshire officials don’t comment on these quarterly stock filings.
Recent SEC filings showed that Berkshire continued buying Occidental Petroleum shares after the first quarter ended and it now holds more than 15% of the oil producer’s stock.
In addition to all the new investments, Berkshire did sell off nearly $10 billion in stocks, including trimming its holdings in grocer Kroger
KR,
and Verizon Communications
VZ,
and eliminating investments in drug makers Abbvie
ABBV,
and Bristol Myers Squibb
BMY,
Besides investments, Berkshire owns an eclectic assortment of more than 90 companies, including BNSF railroad, several major utilities, Geico and other insurers, and an assortment of manufacturing and retail companies.
Source: https://www.marketwatch.com/story/warren-buffetts-berkshire-hathaway-reveals-new-stakes-in-paramount-citigroup-01652751825?siteid=yhoof2&yptr=yahoo