Berkshire Hathaway Sells Shares in General Motors, Procter & Gamble, and Amazon

Berkshire Hathaway Sells Off Major Stock Holdings and Increases Cash Holdings to Record $157.2 Billion

On October 14th, Berkshire Hathaway, an investment company led by renowned American investor Warren Buffett, made significant moves in its stock portfolio. The company announced that it has sold all its shares in General Motors (GM) and Procter & Gamble (P&G) and reduced its stake in Amazon.com. In addition to these changes, it also appears to have sold its stake in specialty materials company Celanese (CE.N). The sale of these stocks has resulted in the company increasing its cash holdings to a record $157.2 billion.

Stock Portfolio Changes and New Positions

• Berkshire Hathaway reported that its shares of GM and P&G, which had previously been valued at $848 million and $48 million respectively, have dropped to zero.
• The company also announced that its stake in Amazon.com has decreased by 5%.
• One of Berkshire Hathaway’s new positions is an $8 million investment in Atlanta Braves Holdings (BATRA.O), a company that indirectly controls Major League Baseball and was spun off from Berkshire’s portfolio company Liberty Media in July.

As of September 30, Berkshire’s stock portfolio totaled $318.6 billion.

Third Quarter Stock Activities

• In the third quarter, Berkshire Hathaway sold $7 billion in stock, including part of Chevron (CVX.N), but only made purchases totaling $1.7 billion. This included an investment in Apple (AAPL.O), whose stock price had fallen 12%.
• Since the beginning of 2023, stock sales have exceeded purchases by $23.6 billion.

The company’s significant stock portfolio adjustments indicate a strategic shift in its investment approach, raising questions and interest among investors and analysts.

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On the 14th, Berkshire Hathaway, an investment company led by the famous American investor Warren Buffett, sold all its shares in General Motors (GM) and Procter & Gamble (P&G) and reduced its stake in Amazon.com It revealed. Picture taken in New York on October 10, 2023. Reuters/Brendan McDermid

[１４日 ロイター] – Berkshire Hathaway (BRKa.N), an investment company led by famous US investor Warren Buffett, announced on the 14th that it has acquired General Motors (GM) (GM.N) and Procter & Gamble (P&G) (PG .N) He announced that he has sold all his shares in Amazon.com (AMZN.O) and reduced his stake in Amazon.com (AMZN.O). Its cash holdings have grown to a record $157.2 billion.

In a regulatory filing reporting US-listed stock holdings on September 30, shares of GM and P&G, which reported holdings of $848 million and $48 million in June, have dropped to zero. The company announced that its Amazon stock has fallen by 5. %.

It also appears to have sold its $621 million stake in specialty materials company Celanese ( CE.N ).

One of the new positions is $8 million in Atlanta Braves Holdings ( BATRA.O ), which indirectly controls Major League Baseball and was spun off from Berkshire’s portfolio company Liberty Media in July.

Berkshire’s stock portfolio totaled $318.6 billion as of Sept. 30.

In the third quarter, it sold $7 billion in stock, including part of Chevron ( CVX.N ), but bought just $1.7 billion, including Apple ( AAPL.O ), whose stock price fell 12%.

Since the start of 2023, stock sales have exceeded purchases by $23.6 billion.

* For related information, see the “Related Content” menu on the right side of the screen.

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