Warren Buffett's Berkshire Hathaway sold a net $10 billion of stocks last quarter - but ramped up buybacks to over $4 billion
The famed investor's conglomerate dumped $13.3 billion of stocks, and only bought $2.9 billion worth, meaning it sold $10.4 billion of equities on a net basis.
Still, Berkshire's stock sales fueled a $2 billion increase in its cash pile during the first three months of this year, to $130.6 billion — its highest level in more than a year. Despite its big-ticket acquisition, Berkshire has slowed its overall spending this year. It piled a record $68 billion into stocks last year, or $34 billion on a net basis. It also completed its $12 billion purchase of insurer Alleghany, and repurchased nearly $8 billion of stock in 2022.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Buffett's Berkshire posts $35.5 billion profit, buys back more stockWarren Buffett's Berkshire Hathaway Inc on Saturday said its first-quarter profit totaled $35.5 billion, reflecting gains from common stocks such as Apple Inc , while higher income from investments bolstered operating profit.
Consulte Mais informação »
Warren Buffett names his favorite stock, comments on other Berkshire Hathaway holdings at annual meetingThe 'Oracle of Omaha' gave various insights on Berkshire Hathaway's holdings while spending hours answering questions during Berkshire's annual meeting.
Consulte Mais informação »
92-year-old Warren Buffett won't be replaced anytime soon, Berkshire board member saysInvestors shouldn't expect a change of leadership at the top of Berkshire Hathaway anytime soon, even though Chairman Warren Buffett is 92 and his partner...
Consulte Mais informação »
Apple hands Warren Buffett's Berkshire Hathaway a $214 million payout ahead of shareholder weekendApple hands Warren Buffett’s Berkshire Hathaway a $214 million payout ahead of shareholder weekend
Consulte Mais informação »
Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie MungerWarren Buffett is set to kick off Berkshire Hathaway's annual shareholder meeting Saturday. Here's your complete guide for the highly anticipated event.
Consulte Mais informação »
5 key questions for Warren Buffett at Saturday's Berkshire annual meetingBillionaire investor Warren Buffett and 'right-hand man' Charlie Munger hold court Saturday. Investors want answers to these questions.
Consulte Mais informação »