Warren Buffett’s Berkshire Hathaway bought Verizon and Chevron. That is what changed.

Text size

Berkshire Hathaway by Warren Buffett

it has recently made significant changes to its portfolio, apart from buying

Verizon Communications

i

Chevron,

and selling some

apple

stock.

In the fourth quarter, Berkshire (score:

BRK.B

) added to positions in

Merck

(MRK),

Bristol-Myers Squibb

(BMY) i

AbbVie

(ABBV), and came out of an investment in

Pfizer

(PFE). Buffett’s firm also continued to reduce its trajectory

Wells Fargo

(WFC) and sold all its shares

PNC Financial Services

(PNC) shares. Elsewhere, Berkshire bought more

Kroger

(KR) and cut its investment in

General Motors

(GM).

Buffett’s firm disclosed the stock exchange transactions, among others, in a form it submitted to the Securities and Exchange Commission.

Berkshire Hathaway did not immediately respond to a request for comment on the changes in the investment.

The firm increased its investments in Merck, Bristol-Myers and AbbVie by 28.1% to 28.7 million shares, 11.2% to 33.3 million shares and 20% to 25 , 5 million shares, respectively. Berkshire Hathaway sold all 3.7 million shares of Pfizer in the fourth quarter it had at the end of the third.

Berkshire Hathaway reduced its stake in Wells Fargo by 59% to 52.4 million shares, and sold the 1.9 million PNC shares it held.

Buffett’s firm increased its stake in the Kroger supermarket by 34.3%, ending 2020 with 33.5 million shares. Berkshire reduced its stake in GM by 9.4% to 72.5 million shares.

Inside Scoop is a common feature of Barron that covers the stock transactions of corporate executives and board members – the so-called privileged – as well as large shareholders, politicians and other prominent figures. Due to their privileged reporting status, these investors are required to disclose securities transactions with the Securities and Exchange Commission or other regulatory groups..

Write to Ed Lin at [email protected] and follow @BarronsEdLin.