Star investor Buffett is restructuring his portfolio

FTT Creations
Feb 17, 2021
1 min read

Star investor Warren Buffett has invested in the telephone company Verizon and the oil company Chevron on a large scale. Buffett's Berkshire Hathaway now holds shares of $ 8.6 billion in Verizon.

This emerges from a communication to the US Securities and Exchange Commission on Wednesday. At Chevron there are papers with a volume of 4.1 billion dollars, it said.

Berkshire also increased its stakes in pharmaceutical companies Abbvie, Bristol-Myers Squibb and Merck & Co, while the investment vehicle sold shares in Pfizer and Apple.

Buffett increased his stake in the US subsidiary of Deutsche Telekom, T-Mobile US, from 2.4 to 5.2 million shares. In total, Berkshire Hathaway has interests in more than 90 companies.

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Star investor Buffett is restructuring his portfolio

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Poland Faces Budget Deficit Challenges Amid Increased Defence Spending

Denmark’s Economy Faces Turbulence as Novo Nordisk Struggles to Maintain Growth

German Migration Policy Shift Sparks International Condemnation as AfD Backs Union’s "Taboo-Breaking" Vote