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Berkshire Hathaway
purchased stakes in
Citigroup
,
Paramount World
,
and
Markel
within the first quarter, whereas almost eliminating an curiosity in
Verizon
Communications, in response to a submitting late Monday.
Berkshire Hathaway (ticker: BRK.A, BRK.B) additionally added considerably to its stake in
Chevron
(CVX) and took sizable stakes in
Occidental Petroleum
(OXY) and HP (HPQ). Berkshire additionally boosted its holding in
Activision Blizzard
(ATVI).
The Chevron, Occidental, Activision, and HP purchases have already been disclosed by way of totally different sources, together with separate regulatory filings, Berkshire’s first-quarter 10-Q report, and by CEO Warren Buffett at Berkshire’s annual assembly on April 30.
The brand new data in Monday’s submitting is that Berkshire held 55 million shares of Citigroup (C) on March 31, a stake now price $2.6 billion. Berkshire owns 69 million shares of Paramount World (PARA), the media firm, now price about $1.9 billion.
Berkshire eradicated almost all of a giant stake in Verizon Communications (VZ) within the quarter. The corporate held simply 1.4 million shares of Verizon on March 31, down from virtually 159 million shares on Dec. 31. Berkshire’s stake in Verizon totaled about $8 billion previous to the first-quarter sale.
Barron’s wrote earlier in Might that Berkshire seemingly offered all or a lot of the Verizon stake based mostly on our evaluation of the corporate’s first-quarter 10-Q report.
Berkshire additionally purchased a stake of about 419,000 shares of the insurer Markel (MKL), price about $555 million.
Berkshire purchased $51 billion of shares within the first quarter, greater than in some other three-month interval in its historical past. Most of its shopping for exercise got here in early March, when the inventory market tumbled.
Berkshire held a stake in Chevron totaling 159 million shares on March 31, which is now price $27.5 billion. It held 104.5 million shares of HP and 137 million shares of Occidental on March 31. Berkshire has since bought extra of these two shares. It now holds 143 million shares of Occidental, price $9.7 billion, and 121 million shares of HP, price $4.5 billion.
Write to Andrew Bary at andrew.bary@barrons.com
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