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According to a filing made by the investment firm with the U.S. Securities and Exchange Commission (SEC), Berkshire also reduced its holdings in HP Inc., Chevron Corp., Amazon.com Inc., and Mondelez International.
By the end of the second quarter, Buffett's holdings in GM, Procter & Gamble, and J&J were valued at less than $850 million, $8.5 million, and less than $50 million, respectively.
The value of Berkshire's holdings, which comprise approximately half of the company's shares, dropped to $157 billion from $176 billion in the previous quarter as a result of the company's share price decline. Nevertheless, Berkshire did not purchase or dispose of any Apple stock during the third quarter.
Its holdings in Coca-Cola Co., American Express Co., and Bank of America Corp. remained unaltered.
The billionaire and well-known investor George Soros founded Soros Fund Management, which purchased roughly 325,000 shares of processor developer Arm Holdings last quarter. Arm Holdings listed its shares at $51 on the Nasdaq exchange.
source: cnn.com
By the end of the second quarter, Buffett's holdings in GM, Procter & Gamble, and J&J were valued at less than $850 million, $8.5 million, and less than $50 million, respectively.
The value of Berkshire's holdings, which comprise approximately half of the company's shares, dropped to $157 billion from $176 billion in the previous quarter as a result of the company's share price decline. Nevertheless, Berkshire did not purchase or dispose of any Apple stock during the third quarter.
Its holdings in Coca-Cola Co., American Express Co., and Bank of America Corp. remained unaltered.
The billionaire and well-known investor George Soros founded Soros Fund Management, which purchased roughly 325,000 shares of processor developer Arm Holdings last quarter. Arm Holdings listed its shares at $51 on the Nasdaq exchange.
source: cnn.com