Berkshire Hathaway’s (NYSE: BRK-A; NYSE: BRK-B) latest 13F filing with the securities and exchange commission disclosed a number of major shifts for the American conglomerate.
The company, under the leadership of Warren Buffett, took stakes in two Dow Jones Industrial Average components. It purchased $8.62 billion worth of Verizon and $4.1 billion of Chevron, based on valuations at the end of the fourth quarter.
It also increased its stakes in corporations operating in the healthcare industry, such as Merc, Abbvie and Bristol-Myers Squibb. On the other hand, the “Oracle of Omaha” closed his positions in Pfizer, JPMorgan Chase, Barrick Gold, M&T Bank and PNC Financial.
Berkshire trimmed its position in Apple by 6%; however, the tech company remains its largest holding, as the stake is still worth approximately $120 Billion.