Warren Buffett’s Berkshire Hathaway Inc. trimmed its investment in General Motors Co. for the third quarter in a row and pulled back on its pharmaceutical bets, while boosting a stake in Kroger Co.
The conglomerate’s GM investment was valued at $3.55 billion at the end of June, according to a regulatory filing Monday. Berkshire’s Kroger stake was up 21% during the second quarter, while the firm trimmed its bets on pharmaceutical companies including AbbVie Inc. and Bristol-Myers Squibb Co. The filing no longer showed a stake in Biogen Inc.
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August 17, 2021 at 03:19AM
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Berkshire Trims General Motors Bet, Ramps Up Kroger Stake - Bloomberg
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