Here’s What Warren Buffett Bought and Sold in the Third Quarter

November 15, 2019 | Fund Updates, Investments, Latest News, News
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Berkshire Hathaway had a busy third quarter as global equities continued to climb.

The Warren Buffett 13-F for the third quarter hit the news cycle on Thursday. His firm Berkshire Hathaway purchased 1.2 million shares of Restoration Hardware (RH(. The news pushed RH stock up another 7% after the bell.

It also purchased another 7.4 million shares of Occidental Petroleum, according to the regulatory filing.

What’s Inside the Warren Buffett 13-F

According to the regulatory filing, Buffett’s firm tripled its stake in Apple. The company sold 750,000 shares in the third quarter. That sale leaves the firm with 248 million shares worth $55.7 billion at the end of Q3. This position remains the largest in the Berkshire Hathaway portfolio.

Buffett’s firm had a series of cuts to its portfolio as well. The firm slashed its stake in Wells Fargo by 7%. After selling 31.4 million WFC shares, it now holds 378 milllion shares. This is Berkshire Hathaway’s fourth-largest holding.

The Warren Buffett 13-f shows that Berkshire also cut its stake in Phillips 66 by 6%. It now holds 5.1 million shares after reducing its stake by 370,078 shares.

The company maintained its stakes in Bank of America, Delta Airlines, and Coca Cola. It also held 325 million shares of Kraft Heinz at the end of September. It remains unclear if it will maintain the stake in Kraft as shares continue to fall in value. Earlier this week, Goldman Sachs downgraded Kraft Heinz stock, news that set off aggressive selling on Wall Street.

Related: Carl Icahn: Gee… Occidental Petroleum is a lot like WeWork

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