Wednesday, May 17, 2023 09:00 PM
Berkshire Hathaway – the company of billionaire investor Warren Buffett – got rid of many shares and officially exited the semiconductor company Taiwan Semiconductor during the first quarter of this year, according to CNBC.
According to a company disclosure, Buffett sold its remaining stake in US Bancorp and BNY Mellon, and Taiwan Semiconductor in the first quarter of 2023.
On the other hand, the company strengthened its stake in Apple, HP, Citigroup, Bank of America and Markel.
Berkshire Hathaway started investing in Diageo (British multinational alcoholic beverages company), as well as Capital One Bank.
In connection with the reduction of holdings, Warren Buffett reduced his stake in Chevron.
It is worth noting that more than 75% of billionaire Warren Buffett’s stock portfolio is concentrated in only 5 stocks, led by Apple.
Berkshire Hathaway sold $10.4 billion in shares in the first quarter of 2023, while the company spent $4.4 billion to buy back shares.