Warren Buffett has been selling more stocks than buying from Berkshire Hathaway's portfolio for the last 6 quarters, including selling a portion of his Apple stake and all of his Paramount shares. Buffett trimmed 13% of Berkshire's Apple position, still the largest holding, to take tax losses now ahead of potential future tax increases. Berkshire no longer sees Paramount as having the right assets to be a successful entertainment company. Berkshire's main stock purchases were adding to its Liberty SiriusXM tracking stock position and Occidental Petroleum stake.
Category
🗞
NewsTranscript
00:00 It's Benzinga and here's what's on the block.
00:02 Warren Buffett has been selling more stocks than buying from Berkshire Hathaway's portfolio for
00:06 the last six quarters, including selling a portion of his Apple stake and all of his
00:10 Paramount shares. Buffett trimmed 13% of Berkshire's Apple position, still the largest holding,
00:16 to take tax losses now ahead of potential future tax increases. Berkshire no longer
00:21 sees Paramount as having the right assets to be a successful entertainment company.
00:25 Berkshire's main stock purchases were adding to its Liberty Sirius XM tracking stock position
00:30 and Occidental Petroleum stake. For all things money visit Benzinga.com