As the report of the holdings for the second quarter has come out for Berkshire Hathaway, there are a few surprises there: they have increased their stake of Apple by 75,000,000 – and the total now is almost 240,000,000. In dollar terms, the holdings are worth a little bit over 50 billion dollars. Teva Pharmaceutical – not the best performer in the biotech space – was another beneficiary of Berkshire Hathaway. Buffett also has done some reshuffling in his airline holdings: they added to Delta Air Lines, Southwest Air and trimmed their holdings of United Continental.
As we know, Warren Buffet is a big fan of Wells Fargo – or at least he has been for many years but ever persisting scandals apparently are starting to take tall even on the most religious believers – Berkshire trimmed their holdings of Wells Fargo and increased their holdings of iconic Goldman Sachs. Apparently, Mr. Buffet cannot forget these very profitable preferred convertibles he got from Goldman Sachs during the financial crisis.