Berkshire increases Apple shares and decreases BNY Mellon.
Berkshire Hathaway Inc (BRKa.N) upped its wagers on Apple Inc (AAPL.O) by more than $3 billion in the fourth quarter, according to a regulatory filing published on Tuesday. In contrast, Berkshire Hathaway considerably reduced its stake in Bank of New York.
According to the report, Buffett’s business acquired an additional 20,8 million Apple’s shares for $3.2 billion, bringing its total ownership to 5.8%.
Apple’s stock price has increased roughly 18% this year.
Additionally, it reported a fresh $84 million investment in the construction materials business Louisiana-Pacific Corp. (LPX.N).
Buffett’s conglomerate reduced its holdings in a number of U.S.-listed firms.
Berkshire’s investment in BNY Mellon was reduced by almost 60% to 25.1 million shares. At current market prices, the value of the sale is close to $2 billion.
It also partly divested “Call of Duty” video game developer Activision Blizzard (ATVI.O) The amount of shares held by Berkshire fell by 12.3% to reach 52.7 million. It presently has a 6.7% position.
Microsoft Corp. (MSFT.O) is attempting to acquire Activision Blizzard. Microsoft will defend the transaction before European Union and national antitrust regulators in a private session on February 21.
Berkshire is anticipated to publish its whole portfolio of U.S.-listed firms later on Tuesday.
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