Warren Buffett's Berkshire Hathaway shakes up investment holdings
Berkshire slashed stakes in Wells Fargo, Chevron, Merck and Bristol-Myers
Warren Buffett's Berkshire Hathaway has shaken up its investment holdings.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| BRK.B | BERKSHIRE HATHAWAY INC. | 476.06 | +4.14 | +0.88% |
According to a 13F regulatory filing late Monday, the company cut back on financial, energy, and pharmaceutical stocks while adding insurance giant Aon to the portfolio.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AON | AON PLC | 386.21 | +3.59 | +0.94% |
At the same time, the multinational conglomerate holding company increased investments in grocery chain Kroger and wireless network operator Verizon.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| KR | THE KROGER CO. | 59.22 | +0.64 | +1.09% |
| VZ | VERIZON COMMUNICATIONS INC. | 43.15 | +0.65 | +1.53% |
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Berkshire now holds 675,054 shares of Wells Fargo, compared to 52.4 million shares three months ago, and has slashed its stake in oil giant Chevron from 48.5 million shares down to 23.7 million shares.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WFC | WELLS FARGO & CO. | 75.92 | +1.09 | +1.46% |
| CVX | CHEVRON CORP. | 162.36 | +0.73 | +0.45% |
The company also trimmed its shares of drugmaker Merck to 17.8 million shares, AbbVie to 22.8 million shares and Bristol-Myers Squibb to about 31 million shares, automaker General Motors to 67 million shares and broadcaster Sirius XM to about 580 million shares. Stock positions sold off entirely during the quarter include shares of Canada's Suncor Energy and credit card company Synchrony Financial.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| MRK | MERCK & CO. INC. | 99.18 | -0.68 | -0.68% |
| ABBV | ABBVIE INC. | 176.93 | +5.24 | +3.05% |
| BMY | BRISTOL MYERS SQUIBB CO. | 58.87 | +0.64 | +1.10% |
| GM | GENERAL MOTORS CO. | 58.52 | +2.85 | +5.13% |
| SIRI | SIRIUS XM HOLDINGS INC. | 26.22 | +0.45 | +1.75% |
| SU | SUNCOR ENERGY INC. | 41.53 | +0.40 | +0.97% |
| SYF | SYNCHRONY FINANCIAL | 65.99 | +0.85 | +1.30% |
Meanwhile, Berkshire has added 4.1 million shares of Aon PLC and 5.3 million shares of professional services firm Marsh & McLennan.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AON | AON PLC | 386.21 | +3.59 | +0.94% |
| MMC | MARSH & MCLENNAN COS. INC. | 227.82 | +3.40 | +1.52% |
| KR | THE KROGER CO. | 59.22 | +0.64 | +1.09% |
| VZ | VERIZON COMMUNICATIONS INC. | 43.15 | +0.65 | +1.53% |
Investments in Kroger have also increased to 51 million shares compared to 33.5 million shares three months ago while Verizon is now up to nearly 159 million shares, compared to 147 million shares three months ago.
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Buffett’s biggest investments in Apple and Bank of America remained unchanged.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| AAPL | APPLE INC. | 229.87 | +1.35 | +0.59% |
| BAC | BANK OF AMERICA CORP. | 47.00 | +0.54 | +1.16% |
Besides investments, the Omaha, Nebraska-based firm owns more than 90 companies outright, including BNSF railroad, Geico insurance and several major utilities. The conglomerate also owns manufacturing, furniture, shoe, jewelry, chocolate, underwear and brick companies.
The Associated Press contributed to this report