Warren Buffett 'sBerkshire Hathaway invested in Chevron and Verizon.- It disclosed a $4.1 billion stake in the energy titan and a $8.6 billion position in the telecoms giant.
- Berkshire also trimmed its enormous
Apple stake and exited JPMorgan and Pfizer. - $4.
Warren Buffett's $4 revealed multibillion-dollar stakes in $4 and $4 in its latest portfolio update.
The famed investor's conglomerate owned 48.5 million shares in the energy titan worth $4.1 billion at the end of December, its 13-F filing on Tuesday revealed. It also held 147 million of the telecom giant's shares, worth a total of $8.6 billion.
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Berkshire - which owns scores of businesses including See's Candies, Geico, and the BNSF railroad - also established a $500 million position in Marsh & McLennan, a professional-services firm.
The conglomerate secured regulatory permission to $4 in its third-quarter portfolio update until it was done building them, given the risk that other investors would rush to buy them and drive up its cost base.
Buffett and his team boosted their stakes in pharmaceutical giants AbbVie, Merck, and Bristol Myers Squibb, as well as Kroger, RH, and T-Mobile last quarter.
On the other hand, Berkshire trimmed its stake in Apple - $4 - by 57 million shares or 6% last quarter. The holding accounted for 44% of its entire $270 billion stock portfolio, down from 48% at the end of September.
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Berkshire more than halved its Wells Fargo position to 52 million shares - a fraction of the $4 in the bank it once held.
It also exited JPMorgan, PNC, and M&T after $4 in the banks last year, and sold its Pfizer stock despite $4 in the third quarter of 2020.
The company also trimmed its stakes in Suncor Energy, US Bancorp, and GM, which has been $4 in recent months. Moreover, it exited its $4 on Barrick Gold.