Legendary investor Warren Buffett’s Berkshire Hathaway sold 36.3 million shares of Apple stock in the third quarter and invested billions of dollars in several drug manufacturers, including Merck and Pfizer. It also increased its stake in some already owned companies, such as Bank of America, the Kroger retail chain or General Motors, and bought shares in mobile operator T-Mobile US. The company stated this in data for the US Securities and Exchange Commission (SEC).
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Apple still holds the largest share in Berkshire’s equity portfolio, with a value of almost $ 114 billion (2.5 trillion crowns). Bank of America remains in second place, with a share of about $ 28 billion after the last acquisition.
Berkshire bought shares in US drug products Merck, Bristol Myers Squibb and AbbVie last quarter, which could benefit from the development of vaccines and coronavirus drugs. She has invested about $ 2 billion in each. Pfizer has invested another $ 140 million in another pharmaceutical company.
In addition to Apple, Berkshire sold part of its investments in Wells Fargo and JP Morgan. It also divested part of its stake in the dialysis service provider DaVita and in the mining company Barrick Gold.
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The announcement of Buffett’s investment in 2.41 million shares of T-Mobile US for about $ 276 million significantly raised their price after the close of trading. T-Mobile US, like the Czech T-Mobile, is a member of the international Deutsche Telekom Group.
Berkshire Hathaway’s investments are being watched with interest by investors around the world. The SEC data does not show whether all the announced transactions were made by Buffett himself, who is in charge of the company’s largest investments such as Coca-Cola, Apple and Bank of America. Now, the 90-year-old star investor previously said that investments under $ 1 billion are often made by two other Berkshire investment managers.
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