Alex Wong / Getty Images
- Warren Buffett’s Berkshire Hathaway trimmed its stake in Apple during the fourth quarter, the firm said in a regulatory filing.
- The company also added positions in Red Hat and the Canadian oil producer Suncor Energy.
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Thursday it has trimmed its stake in iPhone maker Apple Inc, which is its largest stock investment, and added positions in SunCor Energy Inc and Red Hat Inc.
The investments were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed stocks as of Dec. 31.
Berkshire’s Apple stake fell to about 249.6 million shares from 252.5 million three months earlier.
Stock prices often move as a result of Berkshire’s disclosing new or significantly altered stakes.
(Reporting by Jonathan Stempel in New York; Editing by Sonya Hepinstall)
See Also:
- The end is near for the Airbus A380 superjumbo jet. Here’s how it went from airline status symbol to reject in just 10 years
- Some of Trump’s top-most advisers have reportedly discussed invoking the 25th Amendment, which lets 14 people remove a sitting president from office. Here’s how it works.
- The best and worst countries to be a teacher, based on salary
SEE ALSO: Nvidia surges after beating on profits and sales expectations
Source: Business Insider – feedback@businessinsider.com (Jonathan Stempel)