Warren Buffett Dumps 21st Century Fox

Buffett Dumps 21st Century Fox

Author:: TheStreet Staff
Publish date:: May 16, 2017 9:00 AM EDT

Warren Buffett's Berkshire Hathaway (BRK.A) - Get Report lifted its stakes in American Airlines (AAL) - Get Report and Southwest Airlines (LUV) - Get Report and dumped its holdings in 21st Century Fox (FOXA) - Get Report .

Berkshire Hathaway reported in a filing that it raised its stake in American by 8% and now owns 49 million shares of the airline. It boosted its stake in Southwest to 48 million shares from 43 million. It also sold 8% of its stake in Delta (DAL) .

In a move previously announced, Berkshire Hathaway disclosed its boosted its stake in Apple (AAPL) - Get Report to 129 million shares, or 2.3% of the company.

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Berkshire Hathaway dumped its stake in Fox following claims of sexual misconduct at the network but before top host Bill O'Reilly was fired in April.

This article was written by a staff member of TheStreet.