Berkshire Invests $14 billion in Stocks in Third Quarter

In an SEC 13F filing after the market closed today, Berkshire Hathaway revealed a net increase of $14 billion in its common stock portfolio during the third quarter of 2018.  This is the largest quarterly increase in its common stock investments in many years.

These increases, primarily in the banking sector, were:

(1) Bank of America (BAC)  —     + $6 billion

(2) JP Morgan Chase (JPM)  —  +  $4 billion

(3) Oracle Corp.  (ORCL)   —      +  $2.1 billion

(4) U.S. Bancorp (USB)  —-         +  $1.3 billion

(5) Goldman Sachs (GS) —          +  $1.1 billion

(6) PNC Financial  (PNC) —        +  $830 million

(7) Bank of New York (BK)  —     +  $700 million

(8) Travelers  —                              + $460 million

There was one large decrease:

(1) Phillips 66 (PSX)  —-              – $2 billion