Berkshire Trims Major Stakes, Holds Cash in Volatile Quarter
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Berkshire Hathaway sold several big stocks in Q3 including Chevron, Amazon, and HP. It exited smaller positions in GM, UPS, P&G, and Johnson & Johnson.
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Berkshire's top 10 holdings were unchanged, led by Apple which makes up 50% of the portfolio.
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Berkshire appeared to take no new positions in Q3 amid market volatility. It pushed cash reserves to a record $157 billion.
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Berkshire trimmed its Chevron stake for the 4th straight quarter but it remains a top 5 position.
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Activision Blizzard exited Berkshire's portfolio after Microsoft completed its acquisition of the video game maker.