Berkshire Hathaway exits Costco position, reduces stake in Wells Fargo - InvestingChannel

Berkshire Hathaway exits Costco position, reduces stake in Wells Fargo

Warren Buffett’s Berkshire Hathaway disclosed in an SEC filing its holdings as of September 30, 2020. Berkshire Hathaway’s six new buys during the third quarter included, by size of position, AbbVie (ABBV), Merck (MRK), Bristol-Myers Squibb (BMY), Snowflake (SNOW), and T-Mobile US (TMUS). Berkshire Hathaway exited one position during the quarter, Costco (COST). Berkshire Hathaway increased its stake in four holdings, including by size of previous position, Bank of America (BAC), General Motors (GM), and Kroger (KR). Berkshire Hathaway reduced its stake in nine holdings, including by size of previous position, Wells Fargo (WFC), JPMorgan (JPM), PNC Financial Services (PNC), Barrick Gold (GOLD), and and M&T Bank (MTB). Berkshire Hathaway’s top holdings as of September 30, in order of size, were Apple (AAPL), Bank of America, Coca-Cola (KO), American Express (AXP), and Kraft Heinz (KHC).