Buffett's Berkshire sold $10 billion of stocks in Q1, boosted buybacks

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

France Nouvelles Nouvelles

Warren Buffett's Berkshire Hathaway sold a net $10 billion of stocks last quarter - but ramped up buybacks to over $4 billion

The famed investor's conglomerate dumped $13.3 billion of stocks, and only bought $2.9 billion worth, meaning it sold $10.4 billion of equities on a net basis.

Still, Berkshire's stock sales fueled a $2 billion increase in its cash pile during the first three months of this year, to $130.6 billion — its highest level in more than a year. Despite its big-ticket acquisition, Berkshire has slowed its overall spending this year. It piled a record $68 billion into stocks last year, or $34 billion on a net basis. It also completed its $12 billion purchase of insurer Alleghany, and repurchased nearly $8 billion of stock in 2022.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in FR

France Dernières Nouvelles, France Actualités