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Berkshire Hathaway has reported significant portfolio adjustments, divesting holdings in General Motors, Johnson & Johnson, Procter & Gamble, and reducing its stake in Amazon by 5%. This move, outlined in a regulatory filing, allowed the conglomerate led by Warren Buffett to amass a record cash reserve of $157.2 billion.
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The filing even revealed the sale of its $621 million stake in Celanese and smaller holdings in Mondelez International and United Parcel Service. Amidst these changes, Berkshire initiated a new $8 million position in Atlanta Braves Holdings, showcasing its diverse investment strategy. Meanwhile, Berkshire's Q3 stock activities include selling $7 billion in stocks, particularly reducing its Chevron investment. Despite buying only $1.7 billion during this period, Berkshire's cash reserve mirrors its $156.8 billion Apple stak
Why it matters
In an unusual move, Berkshire has requested confidential treatment from the U.S. Securities and Exchange Commission regarding undisclosed holdings, maintaining its tradition of selectively revealing major investments. This disclosure comes as part of Berkshire's ongoing strategic adjustments, reflecting Warren Buffett's seasoned approach in navigating the dynamic landscape of global investments.
