Warren Buffett’s Berkshire Hathaway Takes Stakes in Kroger, Biogen; Cuts Banks and Apple
Warren Buffett’s Berkshire Hathaway (BRK.A) - Get Report (BRK.B) - Get Report.B went to the store last quarter, acquiring new stakes in Kroger (KR) - Get Report and Biogen (BIIB) - Get Report, while selling most of his Phillips 66 (PSX) - Get Report and Travelers (TRV) - Get Report holdings, according to a regulatory filing Friday.
Berkshire, Buffett’s investment vehicle, acquired nearly 19 million shares of Kroger during the last three months of 2019, according to a 13F filing with the Securities and Exchange Commission.
Berkshire also added a new position in Biogen, picking up 648,447 shares of the company.
Buffett dumped most of his stakes in Travelers and Phillips 66, as well as about a third of his holdings in Goldman Sachs (GS) - Get Report, and about 15% of his stake in Wells Fargo (WFC) - Get Report.
Buffett also sold some Apple , offloading 3,683,113 shares and leaving Berkshire with a mere 245 million or so.
In after-hours action, Biogen rose $6.50, or 2%, to $339.50.
Kroger gained $1.71, or 6% to $29.94.
Goldman, Wells Fargo, Phillips 66 and Travelers and Apple were little changed in late action.
Berkshire Hathaway A shares rose $1,723.94, or 0.5%, to end at $340,223.94. Berkshire Hathaway B shares rose 33 cents, or 0.15%, to end at $226.80.
Other stocks in Berkshire's portfolio were mixed Friday.
Moody's (MCO) - Get Report shares rose $5.06, or 1.86%, to $277.83.
Visa shares rose $2.89, or 1.39%, to $210.29.
Restaurant Brands Intl (QSR) - Get Report shares rose 84 cents, or 1.27%, to $67.24.
Among Buffett stocks underperforming Friday, Kraft Heinz (KHC) - Get Report shares fell 89 cents, or 3.2%, to $26.88.
American Airlines Group (AAL) - Get Report shares fell 89 cents, or 2.96%, to $29.20.
Teva Pharmaceutical (TEVA) - Get Report ADRs fell 35 cents, or 2.78%, to $12.22.
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