Warren Buffett has made some investment moves that has got watchers thinking – what’s coming?
The latest holdings of his company, Berkshire Hathaway, on Tuesday showed that during the fourth quarter which ended December 31, the firm increased raised its stakes in airline companies.
The firm more than doubled its stake in American Airlines, increased its stake in United Airline six-fold, and boosted its stake in Delta Airline by 1,465%.
According to CNNMoney, “Buffett has said his company picked up shares of Southwest for the first time last quarter, and Tuesday’s filing revealed Berkshire now owns about 43 million shares”
The report adds that Berkshire Hathaway increased its stake in Apple by 277%.
That’s on top of the 55% increase Berkshire Hathaway reported its stake in Apple rose between its second- and third-quarter.
On the “dumping” side, Buffet completely dumped its stake in Machine manufacturer, Deere. It sold off the vast majority of its Walmart (WMT) and Verizon (VZ, Tech30) stock.
It formerly owned more than 15 million shares of Verizon, but now has just 928. Its Walmart stake dipped to 1.4 million shares from nearly 13 million.
Berkshire also made new investments in agrochemical firm Monsanto and satellite radio company Sirius XM.