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%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 729. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama