Portfolio Shift at Berkshire as Farewell: Warren Buffett Reduces Tech and Banking Giants!
Reading Time: 2 minutes
In Warren Buffett's last quarter as CEO, Berkshire Hathaway (NYSE: BRK.A, BRK.B) made significant adjustments to its stock portfolio. As reported by the Wall Street Journal, the company sold 50.8 million shares of Bank of America and 10.3 million shares of Apple in the December quarter. This marks the third consecutive quarter in which Berkshire has reduced its stake in the iPhone manufacturer. At the same time, the conglomerate built a new position in the New York Times, acquiring 5.1 million shares of the media company. The transaction was...
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