Berkshire Hathaway Sold 84% of Goldman Sachs Stake in First Quarter 2020
In its SEC 13F filing for the quarter ending March 31, 2020, Berkshire Hathaway reported one major change to its portfolio. It sold 84% ($2 billion) of its stake in Goldman Sachs. It also had minor reductions (3.25% or less) of its holdings in 16 other stocks in its portfolio. It added 6% (about $50 million) to its investment in PNC Financial.
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[…] Every major capital allocator I respect seems to be taking a more cautious approach. Berkshire was a net seller of stocks in Q1’20, and it wasn’t just airlines as they sold the majority of the Goldman stake. […]