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Home / Business / Buffett Berkshire drops Oracle, buys Red Hat and cuts Apple holdings by 1%

Buffett Berkshire drops Oracle, buys Red Hat and cuts Apple holdings by 1%



Warren Buffett's Berkshire Hathaway Inc.

BRK.A, -1.44%

BRK.B, -1.47%

received a new position from software manufacturer Red Hat Inc.

RHT, + 0.02%

and reduced its position at Apple Inc. at the end of December, as explained by 1

3F filings with the Securities and Exchange Commission released on Thursday afternoon. Berkshire acquired $ 733 million worth of 4.175 million shares from Red Hat. The investment company has also acquired new shares in Suncor Energy

SU, + 0.65%

bought 10.75 million shares and bought a stake in StoneCo Ltd., referred to by some as PayPal of Brazil, adding 14.16 million shares. Meanwhile, the influential investor has toppled 2.89 million shares of Apple

AAPL, + 0.36%

which reduced its iPhone maker position by approximately 1%, according to the submission. The investment company holds approximately 249,589,329 shares of Apple worth approximately $ 39.4 billion. That's 21.5% of Berkshire shares, compared to 25.8%, according to WhaleWisdom. Meanwhile, Buffett's company has cut its stake in Phillips 66

PSX, -0.49%

reduced them by 22% or 3.5 million shares and reduced its stake in the parent company of United Airlines

UAL, -0.49%

15% or about 4 million shares. Berkshire also has its entire stake in Oracle Corp.

ORCL, + 0.12%

just over 41 million shares, shows the 13F deposit. Large investors must disclose long positions held with the SEC after a quarter of a fortnight in a 13F deposit, which means that these deposits represent only a snapshot of investors' positions at a given time. Shares of Berkshire Class A and B shares have fallen by approximately 0.7% in 2019, compared to an annual gain of 9.1% for the Dow Jones Industrial Average

DJIA, -0.41%

and an increase of 9.5% for the S & P 500 Index

SPX, -0.27%

so far 2018 according to FactSet. The technology-laden Nasdaq Composite Index

COMP, + 0.09%

has grown 11.9% so far this year.

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