TechNews reported on May 16 that Warren Buffett's Berkshire Hathaway company has reduced its holdings of HP, Apple, Chevron, and Paramount Global stocks in the first quarter.
Berkshire has sold about 23 million shares of HP stock after significantly reducing its holdings in previous quarters (the company held over 10% of HP shares at its peak). In addition, Berkshire has sold 116 million shares of Apple stock during this period.
As of March 31, Berkshire currently holds 7.89 billion shares of Apple stock, with a position value of approximately $150 billion (approximately 1.08 trillion Chinese yuan), accounting for about 40% of Berkshire's stock investments.
Furthermore, Berkshire sold about 55.8 million shares of Paramount Global in the first quarter and held 7.5 million shares at the end of the quarter. However, according to Buffett's statement on May 4, the company's stock has been completely sold.
Edward Jones analyst James Shanahan stated that Berkshire Hathaway may have lost about $1.8 billion (approximately 12.996 billion Chinese yuan) in assets during the entire Paramount holding period. The peak holding was close to 95 million shares. Of course, Buffett has also admitted to significant losses on this holding.
In other news, Berkshire also sold 3 million shares of Chevron stock in the first quarter, and still held nearly 123 million shares at the end of the quarter.
Berkshire also bought 35 million shares of media company Liberty SiriusXM in the first quarter, a tracking stock of SiriusXM Holdings, holding 98 million shares at the end of the quarter.
In addition, Berkshire also acquired shares of insurance company Chubb in the first quarter, holding 25.9 million shares of Chubb stock at the end of the first quarter, accounting for approximately 6%, with a current value of about $6.6 billion (approximately 47.652 billion Chinese yuan).