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Buffett Exits Phillips 66 and Travelers, Trims Goldman Sachs

Latest SEC filings also show Berkshire Hathaway added to PNC holdings.
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Warren Buffett’s Berkshire Hathaway  (BRK.A) - Get Berkshire Hathaway Inc. Report  (BRK.B) - Get Berkshire Hathaway Inc. Report exited its positions in Travelers Companies Inc.  (TRV) - Get The Travelers Companies Inc. Report and Phillips 66  (PSX) - Get Phillips 66 Report, and sold a majority of its Goldman Sachs Group  (GS) - Get Goldman Sachs Group Inc. (The) Report holdings during the first quarter, according to an SEC filing Friday.

The moves were disclosed in a quarterly  13F filling with the SEC.

Buffett announced at the company’s annual meeting earlier this month that Berkshire had sold all of its positions in four airline companies after the first quarter had ended. Airline stocks have been crushed by the collapse in travel due to the Covid-19 pandemic. Buffett had held stakes in Southwest Airlines Co.  (LUV) - Get Southwest Airlines Company Report, United Continental Holdings  (UAL) - Get United Airlines Holdings Inc. Report, Delta Airlines Inc.  (DAL) - Get Delta Air Lines Inc. Report and American Airlines  (AAL) - Get American Airlines Group Inc. Report.

Berkshire sold a little over 10 million shares of its holdings in Goldman Sachs, leaving it with just over 1.9 million shares, according to the filing. Berkshire also sold a little over 3% of its shares in JPMorgan Chase & Co.  (JPM) - Get JP Morgan Chase & Co. Report and Synchrony Financial  (SYF) - Get Synchrony Financial Report.

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Berkshire added a little over 6% more shares to its holdings of PNC Financial Services  (PNC) - Get PNC Financial Services Group Inc. (The) Report.

Berkshire sold just under 3% of its shares in Sirius XM Holdings  (SIRI) - Get Sirius XM Holdings Inc. Report, according to the filing.

Berkshire sold smaller amounts -- around 1% or less -- of its holdings in Biogen Inc.  (BIIB) - Get Biogen Inc. Report, Amazon.com Inc.  (AMZN) - Get Amazon.com Inc. Report, DaVita  Inc.  (DVA) - Get DaVita Inc. Report, General Motors Co.  (GM) - Get General Motors Company Report, Teva Pharmaceutical  (TEVA) - Get Teva Pharmaceutical Industries Limited American Depositary Shares Report, Axalta Coating Systems  (AXTA) - Get Axalta Coating Systems Ltd. Report and Verisign  (VSGN) .

Berkshire Hathaway A shares fell $2729.25, or 1.07%, to $253,500.75.

Berkshire Hathaway B shares fell $1.68, or 0.98%, to $169.25.