Warren Buffett Cuts Stakes In Apple, Airlines But Buys More GM, Bank Stocks (IBD)

by markyu007

 

Berskhire Hathaway (BRKB), led by investor Warren Buffett, cut its stake in Apple(AAPL), Wells Fargo (WFC) and a couple of airlines in the fourth quarter. It upped its stake in General Motors (GM) and a slew of banks.

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That comes via the conglomerate’s latest quarterly 13-F filing with the SEC. Rank-and-file investors closely track this regulatory data to get a sense of where the “smart money” is being put to work in the stock market.

Berkshire cut its Apple holdings by nearly 3 million shares. The iPhone maker now accounts for 21.5% of its portfolio, down from 25.79% the prior quarter.

The Buffett-led firm dumped more than 15 million shares of Wells Fargo and more than 4 million shares of United Airlines (UAL). It also reduced positions in Southwest Airlines (LUV) and Charter Communications (CHTR).

Top Warren Buffett Stock Buys

Berkshire’s top buys in Q4 included GM, Bank of America (BAC) and JPMorgan Chase (JPM). He bought 19.8 million, 18.9 million and 14.5 million shares, respectively.

It also loaded up on US Bancorp[ticker symb=USB], Bank of New York Mellon (BK), Travelers Companies(TRV) and PNC Financial (PNC).

New buys included Red Hat (RHT), Stoneco (STNE) and Suncor Energy (SU).

Berkshire entirely dumped Oracle (ORCL), a new position in Q3.

Source www.investors.com/news/warren-buffett-stocks-berkshire-hathway-q4-2018-13f/

 

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