Berkshire Reveals Citigroup and Paramount Stakes

Warren Buffett’s Berkshire Hathaway has been showering the market with money lately, adding two more familiar faces to its portfolio last quarter. The company invested in Citigroup and Paramount Global according to an SEC filing on Monday morning.

Jim Cramer’s hedge fund, JLH Capital Management has been on an investing spree this past quarter with their investments boosting up shares in companies like Bank of America and Time Warner. The famed investor owns $2.9 billion worth in both banking giant Morgan Stanley as well media company Disney.

Berkshire Hathaway’s investments are worth over $26 billion, and they’re not done yet.

The company has increased its stake in Chevron by more than quadrupling it since last year. They also marginally raised their Apple bet.

Berkshire Hathaway has been trimming its holdings and exiting positions in order to make money. Its most recent sell-off came after it slashed the Verizon stake by more than 99%, cutting this holding’s former value of $8.3 billion significantly. The Fund also reduced their holdings in AbbVie, Bristol Myers Squibb, and Well Fargo.

Berkshire Hathaway’s US stock portfolio rose by 10% to $364 billion in value. Hedge funds and private equity firms have been driving up the cost of acquisitions, making it more difficult for Buffett. He’s struggling to find bargains as stocks march towards record highs with fierce competition from these competitive forces pushing down margins even further than they already were in recent years.

Berkshire has never been more active. In the first quarter of this year, it bought $51 billion worth of equities and sold less than ten billion dollars’ worth; its net expenditure helped slash their cash pile by 28% down to 106 Billon USD.

Berkshire Hathaway’s frontman, Warren Buffet has been investing in major companies like Apple and Activision Blizzard. The games studio is doing well with arbitrage betting that Microsoft will complete their merger and the shares of Activision Blizzard should go up to $95 from current levels.

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