Investment company of American billionaire Warren Buffett Berkshire Hathaway Inc. in the third quarter, it completely divested itself of shares of General Motors Co. (GM), as well as a number of other blue chips, including Procter & Gamble Co., Johnson & Johnson (J&J) and United Parcel Service (UPS), writes Reuters.
Berkshire also reduced its stakes in HP Inc., Chevron Corp., Amazon.com Inc., as well as Mondelez International, according to filings by the investment company with the U.S. Securities and Exchange Commission (SEC).
Buffett’s company stake in GM was valued at $850 million at the end of the second quarter, his stake in Procter & Gamble and J&J was worth less than $50 million, and his stake in UPS was worth $8.5 million.
Apple Inc.’s book, which accounts for about 50 percent of Berkshire’s entire portfolio, shrank to $157 billion from $176 billion in the latest quarter as the company’s share price fell. However, Berkshire did not buy or sell Apple shares during the third quarter.
It also kept its holdings in Bank of America Corp unchanged. and American Express Co. and Coca-Cola Co.
Berkshire sold $7 billion in shares, including some of its large investment in Chevron, and bought just $1.7 billion in the third quarter, a period of decline for the stock. For all of 2023, the company sold $23.6 billion worth of stock more than it bought.
Soros Fund Management, whose founder is the famous investor and billionaire George Soros, in the last quarter acquired about 325 thousand shares of the processor developer Arm Holdings, which listed shares on the Nasdaq exchange in September of this year at a price of $51.
Soros’ fund also bought small stakes in Maplebear Inc., better known as Instacart, and developer Klaviyo Inc. Both companies also had IPOs in the third quarter.
In addition, Soros’ company acquired shares of GM, Apple Inc., Datadog Inc., Splunk Inc., Snowflake Inc. and the Taiwan Semiconductor Manufacturing Company.
Soros’s fund increased its stake in Uber Technologies Inc. with 16.6%, at DoorDash Inc. – with 30.9%.
At the same time, the fund sold shares of Rivian, Microsoft Corp. and Nvidia Corp., and also divested itself of a stake in Walt Disney Co.
2023-11-16 16:10:54
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