Warren Buffett Sells Bank of America and Buys a Monster Stock Up 1,700% Since 2011
Therefore, many investors keep tabs on the stocks that Buffett’s firm purchases and sells, and here are two notable transactions he executed in the initial quarter:
1. In the first transaction, Berkshire Hathaway increased its stake in Chevron Corporation (CVX) by purchasing additional shares worth $2.05 billion. This move added to Buffett’s long-standing commitment to the energy sector.
2. On the other hand, Berkshire sold all of its shares in HP Inc. (HPQ), a technology company, for approximately $4.2 billion. This sale marked the end of Berkshire Hathaway’s investment in HP Inc., which had been held for over four years.