Warren Buffett’s Berkshire Hathaway trimmed its stake in Apple by about 6%, selling 57.16 million shares, during the fourth quarter, according to a 13-F securities filing. Apple is still Berkshire Hathaway’s largest stock holding.
Julia La Roche for Yahoo Finance:
Berkshire Hathaway now holds 147.6 million shares of Verizon, a stake valued at around $8.6 billion at the end of 2020, making it the 6th largest position in the famed stock picker’s portfolio.
Berkshire Hathaway also disclosed new stakes in Chevron (CVX) and E.W. Scripps & Co. (SSP). Berkshire snapped up 48.4 million shares of Chevron and 23.07 million shares of E.W. Scripps in the quarter, the filing shows.
The filing also shows that Berkshire boosted its stakes in pharmaceutical companies including AbbVie (ABBV), Bristol Myers Squibb (BMY), and Merck (MRK), positions first disclosed in the third quarter of 2020. Berkshire sold all of its Pfizer (PFE) shares… Berkshire sold all of its shares in Barrick Gold (GOLD), a position first disclosed in the second quarter of 2020.
MacDailyNews Note: To reiterate: Apple is still Berkshire Hathaway’s largest stock holding, by far. Berkshire Hathaway’s 13-F securities filing is here.
Nope, Berkshire Hathaway is the third largest stock holder also in 2021.
Like most financial managers, Apple has increased so much they rebalance their holdings when they are out of balance. That’s all it is.
To buy some Verizon? Dead money.
Apple stock is moving due south since Tim Cook decided to make Apple the Thought Control Division of the State. Expect is to plummet further with this new idea of pissing on 60% of America.
Hey Kent…..why don’t you disappear like your buddies FT and GoeB? The US is returning to normal slowly and Macdailynews will become a News group again vs a political one where you guys (or girls) vent your crap because you are pathetic and inherently unhappy people.
Buster, you are the Censor of the Comment Board? Why don’t you try your own advice.
I D I O T
He just needs to piss on the stupid Trump supporters
I would think they’d sell some Apple shares from time to time to buy other stocks for their portfolio instead of just loading up on one stock. I’ll have to look into Verizon. I didn’t think there was anything unusual about it although it does have a pretty nice dividend and it looks as though the stock has some potential upside. It’s a stock I could buy about 50 shares or so just to be in it if it moves upwards.
Verizon is like buying IBM or Intel at this point. The drop is a buying opportunity at least until June 2021.
A little spending and vacation money for Warren. He deserves a little splurge.
Buying opportunity Wall Street as usual doesn’t care about what a company actually does, retail investors load up June 2021 is coming.