Based

Liberty

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">New securities filings by Wall Street’s most astute investors came to light this week, including those that revealed the latest holdings of Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A). Among several adjustments, the financial powerhouse sold its stakes in Activision Blizzard (NASDAQ: ATVI) and General Motors (NYSE: GM), reduced its stake in Amazon (NASDAQ: AMZN), and closed positions in Johnson &amp; Johnson (NYSE: JNJ) and Procter &amp; Gamble (NYSE: PG).&nbsp;</p>
<h3 id="berkshire-sold-blue-chip-stocks-in-q3-and-exited-positions-in-activision-blizzard-and-gm">Berkshire Sold Blue-Chip Stocks in Q3 and Exited Positions in Activision Blizzard and GM</h3>
<p>Buffett reduced his positions in several blue-chip stocks in Q3 2023, turning billions of dollars worth of US-listed shares into cash. However, a portion of these funds was allocated to some fresh names.</p>
<p>Buffett’s Berkshire Hathaway completely exited his positions in the recently acquired <a href="https://tokenist.com/microsoft-takes-68b-step-into-metaverse-as-gamers-are-against-nfts-why/" rel="noopener noreferrer nofollow" class="deco-link">Activision Blizzard</a> and General Motors, selling 14,658,121 and 22,000,000 shares in those two companies. Simultaneously, the investment giant reduced its holdings in Chevron Corp and HP Inc. by 10.45% and 15.24%, respectively. Based on average trading prices, both holdings brought negative returns to Berkshire in the past three months.&nbsp;</p>
<p>Further, Berkshire closed its minor positions in Johnson &amp; Johnson and the consumer staples behemoth Procter &amp; Gamble, each worth around $50 million at the end of Q2. Also, the conglomerate trimmed its stake in Amazon by 5% and sold shares in Mondelez International, Markel, and Globe Life.&nbsp;</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p>
 </div>
</div>
<h3 id="which-stocks-did-berkshire-buy-in-q3">Which Stocks Did Berkshire Buy in Q3?</h3>
<p>Although Buffett’s Berkshire mainly cashed out, its adjustments in the third quarter also included some new investments.</p>
<p>The investment firm bought shares of three new companies in the latest period, including mass media company Liberty Media Corporation (NASDAQ: LSXMA), broadcasting firm Sirius XM Holdings (NASDAQ: SIRI), and Atlanta Braves Holdings (NASDAQ: BATRA). According to Yahoo Finance, Berkshire invested $161.26 million, $43.77 million, and $7.99 million into these three stocks.&nbsp;</p>
<p>The Atlanta Braves had been <a href="https://www.libertymedia.com/investors/news-events/press-releases/detail/502/liberty-media-corporation-completes-split-off-of-atlanta" target="_blank" aria-label="split off from Liberty Media (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">split off from Liberty Media</a>, another Berkshire bet, earlier this year.&nbsp;</p>
<p>As of September 30, Berkshire’s equity portfolio totaled $318.6 billion. Over 2023, the firm has offloaded stocks amounting to $23.6 billion more than it acquired. These divestments have bolstered Berkshire’s unprecedented cash reserves, now equivalent to its substantial $156.8 billion <a href="https://tokenist.com/what-is-warren-buffets-exposure-to-crypto/" rel="noopener noreferrer nofollow" class="deco-link">stake in Apple</a>.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em><strong>In your opinion, what do Berkshire’s Q3 exits in blue-chip stocks signal? Let us know in the comments below.&nbsp;</strong></em></p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/a-quick-look-at-berkshire-hathaways-recent-moves/">A Quick Look at Berkshire Hathaway’s Recent Moves</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

A Quick Look at Berkshire Hathaway’s Recent Moves

Table of Contents

Tokenist

Other articles published on Nov 15, 2023

Ethereum indicator flags ‘sell signal;’ Expert analysis

Meet StocksFC: The Football Stock Market Where Goals Earn You Crypto

IBM Revolutionizes Enterprise AI Ethics with a New Toolkit

Ethereum Price Prediction As Double-Top Pattern Threatens ETH Rally, How To Stay Profitable

Delysium and Microsoft Collaborate to Propel Decentralized AI into Mainstream

Why MATIC’s Current Momentum Indicates a Potential Surge to $1.20

Join our free newsletter for daily crypto updates!