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Warren Buffett Just Sold These 2 Stocks, Even Though He Still Loves One of Them [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
For the first quarter of 2023, 13-F filings aren't due until May 15. However, at Berkshire's widely followed annual meeting, Warren Buffett and his team revealed two stocks the company sold during the first quarter. This was a big contributing factor to the conglomerate's stockpile of cash growing to an all-time high of nearly $189 billion. The two stocks were sold for very different reasons and had very different outcomes for Berkshire during their time in its massive stock portfolio. Here's what they were, and why Berkshire sold each of them. Even Warren Buffett doesn't only pick winners During Berkshire's Q&A session at the meeting, Buffett revealed that Berkshire had sold its entire stake in Paramount (NASDAQ: PARA) . We don't know the exact selling price, but Berkshire owned 63.3 million shares of the entertainment company at the end of 2023, and based on the current stock price, Berkshire's investment would be worth around $816 million. Since early 2022, when Berkshire
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