Berkshire trims Bank of America holding and boosts Delta stake
Berkshire reduced its Bank of America stake by about 30.2 million shares (5.9%), cutting value by about $1.7 billion at quarter-end prices. It simultaneously added roughly 17.5 million Delta Air Lines shares, lifting that stake 44% to 57.3 million shares worth about $5.4 billion as of late June. Berkshire’s overall holdings have shifted away from banks toward an airline position.
Coverage (2)
- Warren Buffett's Hand-Picked Successor, Greg Abel, Has 72% of Berkshire Hathaway's Portfolio Invested in Just 5 Stocks. Here's My Top Pick for August. (finance.yahoo.com)
- Warren Buffett Successor Greg Abel Cut Berkshire's Bank of America Stake by $1.7 Billion. He Added $1.6 Billion of Delta Air Lines. (fool.com)