Warren Buffett’s Berkshire Hathaway invests in Atlanta Braves, divests GM, P&G

theloadedgunn.com 15 November 2023

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Warren Buffett’s Berkshire Hathaway has eliminated its stakes in several blue-chip U.S. companies, boosting its cash hoard to a record $157.2 billion.

The changes to the multinational conglomerate’s holding company were revealed in a regulatory filing for the third quarter ending Sept. 30 that was made public Tuesday.

Berkshire Hathaway sold $7 billion in stock in the third quarter, largely by divesting its stakes in General Motors, Johnson & Johnson and Procter & Gamble.

The company also sold smaller positions in Mondelez International and United Parcel Service, while reducing its investments in Amazon.com, Chevron and HP, according to the Wall Street Journal.

Berkshire Hathaway did little to balance the dump: It bought just $1.7 billion in the third quarter, a period of decline for its stock holdings led by Apple, whose share price fell 12%.

Warren Buffett’s Berkshire Hathaway eliminated its stakes in General Motors and Procter & Gamble.

Atlanta Braves players — One new position was an $8 million stake in Atlanta Braves Holdings, which indirectly controls the team and The Battery Atlanta, a mixed-use development next to the Braves’ Truist Park.

One of the new companies in which Berkshire Hathaway added a small position is Atlanta Braves Holdings, which indirectly controls the MLB team.

The value of Berkshire Hathaway’s stock portfolio was $313.3 billion at the end of the quarter, up from $348.19 billion at the end of the second quarter, Securities and Exchange Commission data show.

With post cables

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