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Buffett exercised Apple shares. What new stocks is he betting on? - Walla! Business

2021-02-17T08:22:24.699Z

Berkshire Hathaway has revealed it has acquired shares in Borizon, Chevron and insurance company Marsh & McLennan Cos. Its holdings in Apple remain at only $ 120 billion



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Buffett exercised Apple shares.

What new stocks is he betting on?

Berkshire Hathaway has revealed it has acquired shares in Borizon, Chevron and insurance company Marsh & McLennan Cos.

Its holdings in Apple remain at only $ 120 billion

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  • Warren Buffett

Globes service

Wednesday, 17 February 2021, 08:29

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Warren Buffett (Photo: Reuters)

Warren Buffett's lustful Berkshire has cut its holdings in Apple in recent months, revealing three acquisitions it made in secret.



Berkshire bought shares of Borizon, Chevron and insurance company Marsh & McLennan Cos.

In the third quarter of 2020, but Buffett has not mentioned them so far, and acquisitions are only now revealed with the submission of the quarterly changes in holdings report.

The report of the acquisition of the shares by Berkshire raised the shares of the companies after the trading.



The Borizon and Chevron investments are quite significant.

Berkshire holds $ 4.1 billion in Chevron and $ 8.6 billion in Borizon - a company that at the end of 2019 it cut from its portfolio.



Although Berkshire got rid of a large amount of Apple shares, it still remained with a $ 120 billion holding in the company at the end of 2020, with the iPhone maker still remaining Berkshire's largest holding.



Berkshire redesigned its portfolio in light of the corona crisis, losing weight in the banking sector, which is more exposed to market fluctuations - thus selling all its shares in JPMorgan, cutting its holdings in Wells Fargo by 59%.

In contrast, the company has strengthened its investments in pharmaceutical companies, particularly with a new investment in Pfizer.



Shares of Verizon rose 3% after trading, Chevron shares up 2.5%, and Marsh & McLeanan up 2%.

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Source: walla

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