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Warren Buffett’s Berkshire Hathaway added Citigroup and Paramount World to its inventory portfolio final quarter, a Securities and Trade Fee submitting revealed on Monday.
The famed investor’s firm owned $2.9 billion value of the banking large’s shares, and $2.6 billion of shares within the media large, as of March 31. It additionally established stakes in Ally Monetary, Markel, McKesson, Celanese, Occidental Petroleum, and HP final quarter. Solely these final three positions had been value greater than $1 billion.
However, Berkshire slashed its Verizon stake by greater than 99%, reducing the holding’s worth from $8.3 billion to about $70 million within the house of three months. It additionally exited its positions in AbbVie, Bristol-Myers Squibb, and Wells Fargo.
Full article: https://markets.businessinsider.com/information/shares/warren-buffett-berkshire-hathaway-citigroup-paramount-verizon-q2-stock-portfolio-2022-5
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