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News on Medial
Buffett's Berkshire offloads more shares in Bank of America
Money Control
·
11m ago
Medial
Warren Buffett's Berkshire Hathaway has sold $760 million worth of Bank of America shares in the last three sessions, contributing to its growing cash pile, which now stands at $277 billion. Despite the sale, Berkshire remains Bank of America's biggest shareholder with an 11% stake valued at $34.7 billion. Berkshire's cash holding has more than doubled in the past two years, potentially indicating Buffett's expectation of higher corporate taxes. The company has struggled to find investment opportunities to deploy its cash. The sustained selling of Bank of America shares has raised questions about Berkshire's cash strategy.
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Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock
Economic Times
·
9m ago
Medial
Warren Buffett's company, Berkshire Hathaway, continues to build its cash reserve exceeding $325 billion by unloading shares of Apple and Bank of America. Despite profiting from its diverse business portfolio, Berkshire Hathaway has not made any major acquisitions. The stake in Apple, valued at $69.9 billion, remains the largest investment for Berkshire Hathaway, even though it has decreased significantly since last year. Berkshire Hathaway reported operating earnings of $10.09 billion, slightly down from the previous year. The company's revenue for the third quarter remained consistent at $92.995 billion.
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Warren Buffett details Berkshire’s Apple, Chevron and Capital One sales while also buying more Chubb
Livemint
·
12m ago
Medial
Warren Buffett has confirmed that he sold over 389 million Apple shares during the second quarter of this year. However, Berkshire Hathaway still holds 400 million shares, making it the conglomerate's largest holding in its stock portfolio. Berkshire has also reduced its investments in Bank of America, Chevron, Capital One, Floor & Decor Holdings, T-Mobile, Louisiana Pacific, and sold its nearly $1 billion Snowflake investment. Berkshire has a cash pile of $277 billion, a record high. Additionally, Berkshire increased its investments in Chubb and Occidental Petroleum, and made smaller investments in Heico Corp. and Ulta Beauty.
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Warren Buffett exits Paytm with a 40% loss
The Arc Web
·
1y ago
Medial
Warren Buffett's company, Berkshire Hathaway, has divested its investment in Paytm-owner One97 Communications, incurring a loss of 40%. Berkshire had invested Rs 2,179 crore ($261 million) in Paytm in 2017, but since the IPO, it has sold its shares for a total of Rs 1,315 crore ($158 million) resulting in a loss. Paytm has managed to narrow its losses and grow its revenue in recent quarters.
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Warren Buffett’s Berkshire Hathaway sells entire stake in Paytm via bulk deal
Economic Times
·
1y ago
Medial
Warren Buffett's Berkshire Hathaway, through its unit BH International Holdings, has sold its entire stake in Paytm. The unit sold approximately 1.56 crore shares in the digital payments company. As of September end, BH International Holdings held a 2.46% stake in Paytm.
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New Buffett-inspired ETF holds Berkshire and Apple. It aims for 15% yield.
Livemint
·
1m ago
Medial
A new ETF inspired by Warren Buffett's investment strategies has been launched, focusing on high-income generation through Berkshire Hathaway's portfolio. The VistaShares Target 15 Berkshire Select Income ETF holds 21 stocks, including Berkshire's Class B shares and 20 other companies from its portfolio. Utilizing call options to augment income, the fund has attracted nearly $250 million since March, achieving a 15% distribution rate for investors.
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Warren Buffett to Step Down as Berkshire Hathaway CEO; Greg Abel Named Successor, Buffett Remains Chairman
deepnewz
·
2m ago
Medial
Warren Buffett, age 94, will step down as CEO of Berkshire Hathaway at the end of 2025, with Greg Abel named as his successor. Buffett will remain as chairman of the board. In the first quarter of 2025, Berkshire Hathaway exited its positions in Citigroup and Nubank, reduced its stake in Bank of America by over 48 million shares, and cut its holdings in Capital One by 4%. On the buying side, the company doubled its position in Constellation Brands, increased its stake in Pool Corp by 144%, and raised its holdings in Domino’s Pizza by 10%.
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Warren Buffett’s Berkshire Hathaway cuts Apple stake by almost 50% in selling spree
Money Control
·
1y ago
Medial
Berkshire Hathaway, led by Warren Buffet, reduced its stake in Apple by around 50% in Q2, which contributed to its record cash pile of $276.9 billion. During the same quarter, the conglomerate sold $75.5 billion worth of stock while reporting operating earnings of $11.6 billion. Berkshire struggled to find profitable investment opportunities due to a slow deal environment. Buffet sold shares as the S&P 500 reached record highs, and regulatory filings indicated that the company reduced its stake in Bank of America. Apple's sales to China fell 6.5% in Q3, potentially indicating that it is losing ground in the important market.
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Warren Buffett’s Berkshire Hathaway almost halves stake in PC maker HP
Livemint
·
1y ago
Medial
Berkshire Hathaway, Warren Buffett's firm, has reduced its stake in HP Inc. by almost half. The company held around 51.5 million shares on November 30, down from approximately 97.85 million shares on October 3. This marks Berkshire's second consecutive quarter as a seller in HP. HP's stock has underperformed Dell Technologies this year due to decreased demand for personal computers during the pandemic. Berkshire's stake in HP is currently valued at around $1.56 billion.
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Buffett’s possible final shareholder Q&A. Where to watch BusinessToday
Business Today
·
3m ago
Medial
Warren Buffett, the 94-year-old investing legend, is expected to discuss key issues at the 2025 Berkshire Hathaway Shareholder Meeting. Topics include succession planning and changes in the company's highly observed portfolio. This event might be Buffett's final shareholder Q&A session, drawing significant attention from investors and stakeholders eager for insights into the future direction of Berkshire Hathaway.
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Warren Buffett’s Berkshire Hathaway Trims Its Massive Stake in Apple
Livemint
·
1y ago
Medial
Berkshire Hathaway, led by Warren Buffett, sold around 1% of its stake in Apple during Q4 2023, leaving it with a 5.9% stake valued at $167 billion. This move comes as Apple faces various challenges, including regulatory scrutiny and declining sales. Berkshire also reduced its position in HP but increased its stakes in Chevron and Occidental Petroleum. Investors await Buffett's annual letter, scheduled to be released on February 24.
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