Buffett's Berkshire reveals new bets on Royalty Pharma, exits Merck in Q3
Warren Buffett's Berkshire Hathaway built new stakes in $Floor & Decor(FND.US$ and $Royalty Pharma(RPRX.US$ in the third quarter, a regulatory filing revealed on Monday. The famed investor's company also took a knife to several of its pharmaceutical and financial holdings in the period.
On the other hand, Berkshire boosted its $Chevron(CVX.US$ stake by 24%, after halving its position in the energy group in the first quarter of this year, and trimming it even more in the second quarter.
Buffett's company exited $Merck & Co(MRK.US$, $Organon & Co(OGN.US$, and $Liberty Global-A(LBTYA.US$. It also cut its $AbbVie(ABBV.US$and $Bristol-Myers Squibb(BMY.US$ positions by 30% and 16% respectively last quarter, despite only adding those names to its portfolio in the third quarter of last year. Moreover, it trimmed its $Visa(V.US$, $MasterCard(MA.US$, $Charter Communications(CHTR.US$, and $Marsh & McLennan(MMC.US$.
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Dartist : wow
102448157 : Follow the smart $$