The purchase came not long before Microsoft's announcement in January that it was acquiring Activision for
Berkshire estimated that its 14.7 million shares in
The investment by Buffett's firm was a surprising move by the famously tech-averse investor. Buffett has long avoided investing in tech companies because he says it is too hard for him to pick the long-time winners in that sector.
The other changes to Berkshire's roughly
Buffett and other Berkshire officials don’t comment on these quarterly stock filings, and the reports don’t state whether either one of Berkshire's two other investment managers made the moves. Buffett typically handles all the company's larger investments worth more than
Berkshire continued rebuilding its
Buffett's firm sold off the 42.8 million Teva shares it held and trimmed its holdings in other pharmaceutical companies
Berkshire also eliminated a
It revealed a new investment in Brazilian fintech
In other moves, Berkshire cut down its investment in professional services firm Marsh & McLennan and trimmed its holdings in
Besides investments, Berkshire owns more than 90 companies outright, including Geico insurance, BNSF railroad, and several major utilities. The conglomerate also owns manufacturing, furniture, shoe, jewelry, chocolate, underwear and brick companies.
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