澳洲幸运5官方开奖结果体彩网

Warren Buffett Buys Capital One, Dumps BNY Mellon

The 'Oracle of Omaha' also cut his Chevron stake

Warren Buffett speaks onstage at the FORTUNE Most Powerful Women Summit.

Paul Morigi / Getty Images

Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) shook up it🍸s bank holdings last quarter, adding Capital One and exiting positions in two other major lenders amid banking sector turmoil.

Key Takeaways

  • Berkshire Hathaway 13F filing discloses new position in Capital One, Diageo.
  • Warren Buffett's firm also cut its stakes in Chevron and General Motors.
  • Other firms bought up chipmaker TSMC after Buffett walked away.

The Omaha, Nebraska-firm noted in a 13-F filing that it had bought up shares worth $954 million in U.S. bank Capital One (COF). The ﷽Virginia-based lender rose more than 3% on the news.

Buffett's firm exited its $1.14 billion position in BNY Mellon (BK) and a $290 million position in US Bancorp (USB).

Apple Inc. (AAPL) continues to be Berkshire's largest stock holding. Buffett said at the recent 澳洲幸运5官方开奖结果体彩网:annual meeting that it was “better than any business” Berkshire owns outright. He added that the loyalty of the iPhone's customer base makes it an “extraordinary 🧸product.”

The billionaire, 92, may have been less impressed with fellow titans Chevron (CVX) and General Motors Co. (GM), Berkshire's holdings of which were cut by 20% and 19%, respectively. Another new purchase for Berkshire was U.K. drinks maker Diageo (DEO).

The latest filing also confirmed that Berkshire had exited its stake in the ADR of chipmaker Taiwan Semiconductor (TSM). Buffett said at the annual meeting the company was "one of the best-managed and (most) important companies in the world," but he was more comfortable about the investments made by his 澳洲幸运5官方开奖结果体彩网:company in Japan due to recent tensions with China. But large investment firms including Macquarie Group Ltd, Fidelity, and Tiger Global Management rushed into the company as Berkshire sold, according to further SEC filings.

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  1. SEC. "Berkshire Hathaway 13F Filing".

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