Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter. Berkshire disclosed the changes to its stock portfolio in a 13F filing posted to the Securities and Exchange Commission’s website after 8:30 p.m. Many investors follow what Berkshire is buying and selling because of Buffett’s storied reputation as a stock picker. In addition to managing a hefty investment portfolio, Berkshire owns businesses including insurer Geico, BNSF Railway and retailers See’s Candies and Oriental Trading. The company had been a longtime investor in Johnson & Johnson.

Source: Wall Street Journal November 15, 2023 07:54 UTC