Berkshire Hathaway (hereinafter referred to as Berkshire), an investment company led by Warren Buffett, sold shares of General Motors (GM), Procter & Gamble (P&G), and Amazon Dotcom, increasing its cash holdings to a record $157.2 billion (about 206 trillion won) as of the end of the third quarter, Reuters reported on the 14th (local time). What Stock Is Our King Of Investment Warren Buffet Buying? I’m personally looking forward to buying Tesla… I doubt what Warren Buffett or Munger are looking at They used to make money from consumer goods and oil prices… It seems that many people still sell and sell using infrastructure, but I wonder what the trend will gradually show. If you buy Tesla, I think you’ll feel very good as a real Tesla shareholder.
According to Reuters, Berkshire said in a data on its holdings of listed stocks submitted to the U.S. Securities and Exchange Commission (SEC) that it had no holdings in GM and P&G as of September 30. Berkshire had $848 million worth of GM shares and $48 million worth of P&G shares as of the end of June. The largest portion of Berkshire’s portfolio is Apple, which is worth $156.8 billion. Berkshire also reported a 5% reduction in its stake in Amazon and a $621 million stake in special materials company Selaniz. Berkshire has since sold $7 billion worth of shares, including some of its big investments in Chevron.
Last month, it sold its stake in Activision Blizzard, a video game company acquired by Microsoft, and reduced its stake in life insurance company Globe Life.In addition, it sold about two-thirds of its stake in the insurance and investment company, Markel Group.
Berkshire sold $23.6 billion more shares than it bought this year, Reuters explained. Berkshire’s cash holdings as of the end of the third quarter were $157.2 billion due to net selling. It is up 7% from $147.4 billion at the end of the second quarter, and the largest ever, surpassing $149.2 billion two years ago. The fact that cash reserves have increased to an all-time high is interpreted as that there was no suitable investment destination in the stock market trend. Instead, Berkshire invested short-term in U.S. government bonds following a surge in bond rates, with investment in the sector rising about 36% from about $93 billion at the end of last year to $126.4 billion at the end of the third quarter.
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