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