Major Changes to Berkshire Hathaway’s Portfolio During the First Quarter of 2021

20MayMay 20, 2021

Major Changes to Berkshire Hathaway’s Portfolio During the First Quarter of 2021

Berkshire Hathaway released its SEC 13F filing for the first quarter of 2021 after the market closed today.

Q1 2021 hedge fund letters, conferences and more

The major changes were:

Reduced Stakes

Chevron – $2.5 billion (51% of stake)
Wells Fargo – $2.0 billion (99% of stake)
Merck – $1.0 billion (38% of stake)
Liberty Global – $300 million (81% of stake)
StoneCo Ltd – $250 million (25% of stake)
Abbvie – $250 million (10% of stake)
Axalta – $200 million (41% of stake)

Eliminated Stakes

Synchrony Financial – $700 million
Suncor Energy – $250 million

Additions To Stakes

Kroger + $800 million (52% of stake)
Marsh and McLennan + $150 million (24% of stake)

New Position

Aon Plc + $900 million

Article by Dr. David Kass

Author

Dr. David Kass

David I Kass Clinical Associate Professor, Department of Finance Ph.D., Harvard University Robert H. Smith School of Business 4412 Van Munching Hall University of Maryland College Park, MD 20742-1815 Phone: 301-405-9683 Email: [email protected] (link sends e-mail) Dr. David Kass has published articles in corporate finance, industrial organization, and health economics. He currently teaches Advanced Financial Management and Business Finance, and is the Faculty Champion for the Accelerated Finance Fellows. Prior to joining the faculty of the Smith School in 2004, he held senior positions with the Federal Government (Federal Trade Commission, General Accounting Office, Department of Defense, and the Bureau of Economic Analysis). Dr. Kass has recently appeared on Bloomberg TV, CNBC, PBS Nightly Business Report, Maryland Public Television, Business News Network TV (Canada), Fox TV, American Public Media's Marketplace Radio, and WYPR Radio (Baltimore), and has been quoted on numerous occasions by Bloomberg News and The Wall Street Journal, where he has primarily discussed Warren Buffett and Berkshire Hathaway. He has also launched a Smith School “Warren Buffett” blog. Dr. Kass has accompanied MBA students on trips to Omaha for private meetings with Warren Buffett, and Finance Fellows to Berkshire Hathaway’s annual meetings. He is an officer of the Harvard Business School Club of Washington, DC, and is a member of the investment and budget committees of a local nonprofit organization. Dr. Kass received a Smith School “Top 15% Teaching Award” for the 2009-2010 academic year.