Berkshire Hathaway, owned by Warren Buffett, reduced its holdings in Apple in the final months of last year, leaving Berkshire with 907.6 million shares of the iPhone maker at the end of 2020, according to the latest filing data released Tuesday. The company also revealed that it had previously bought a secret stake in Apple, worth about $120 billion. The company also revealed three stocks it had previously bought in secret.
Pocock’s purchases of Verizon Communications Inc., insurance provider Marsh & McLennan and oil company Chevron, which were kept secret from the public in its third-quarter filing, were also disclosed.
Pocahontas also adjusted its bets on some other stocks in the last three months of last year, including reducing its holdings in banks, liquidating JPMorgan Chase, PNC Financial Services Group Inc. and M&T Bank Corp. and downgrading (Wells Fargo & Co.) stake to 59 percent. The company also adjusted its bets on drugmakers, adding to its holdings in Merck & Co Inc., Abbvie Inc. and Bristol-Myers Squibb Co. while liquidating its recent investment in Pfizer.
Pocahontas also got out of Gold mining stock Barrick Gold Corp. This investment was quite a surprise when it was announced last year, because Warren Buffett has been very disgusted with gold for several years.
Recent Comments