Warren Buffett’s Berkshire Hathaway topped up its Apple and Chevron stakes last quarter – and sold the last of its Verizon stock
Warren Buffett''s Berkshire Hathaway added to its Apple and Chevron stakes last quarter. The investor''s company bolstered its bets on Activision Blizzard, Paramount, and Ally Financial. Buffett''s company dumped Verizon and Royalty Pharma out of its stock portfolio. Warren Buffett''s Berkshire Hathaway topped up its stakes in Apple and Chevron last quarter, and sold the last of its Verizon shares, a Securities and Exchange Commission filing revealed on Monday. The famed investor''s conglomerate scooped up about 3.9 million Apple shares in the period, lifting its stake in the iPhone maker to around 895 million shares or 5.6%. Berkshire continues to count Apple as by far its biggest holding; the position was valued at $122 billion at the end of June, accounting for about 41% of its $300 billion portfolio. Buffett''s company also purchased around 2.3 million Chevron shares last quarter, raising its position to 161 million shares or about 8.2%. It more than quadrupled its stake in the oil-and-gas giant in the first quarter of this year, and has seen the value of its shares rise sharply on the back of Russia''s invasion of Ukraine, which has disrupted global energy supplies and driven up fuel prices.
Warren Buffett’s Berkshire Hathaway topped up its Apple and Chevron stakes last quarter – and sold the last of its Verizon stock
Warren Buffett''s Berkshire Hathaway added to its Apple and Chevron stakes last quarter. The investor''s company bolstered its bets on Activision Blizzard, Paramount, and Ally Financial. Buffett''s company dumped Verizon and Royalty Pharma out of its stock portfolio. Warren Buffett''s Berkshire Hathaway topped up its stakes in Apple and Chevron last quarter, and sold the last of its Verizon shares, a Securities and Exchange Commission filing revealed on Monday. The famed investor''s conglomerate scooped up about 3.9 million Apple shares in the period, lifting its stake in the iPhone maker to around 895 million shares or 5.6%. Berkshire continues to count Apple as by far its biggest holding; the position was valued at $122 billion at the end of June, accounting for about 41% of its $300 billion portfolio. Buffett''s company also purchased around 2.3 million Chevron shares last quarter, raising its position to 161 million shares or about 8.2%. It more than quadrupled its stake in the oil-and-gas giant in the first quarter of this year, and has seen the value of its shares rise sharply on the back of Russia''s invasion of Ukraine, which has disrupted global energy supplies and driven up fuel prices.