Investing
Warren Buffett's Berkshire Reveals Three New Secret Buys
- Buffett’s firm also disclosed a new bet on Marsh & McLennan
- The company cut its Apple stake, still holds $120 billion
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Warren Buffett’s Berkshire Hathaway Inc. revealed three stock acquisitions that it snapped up in secret, including new bets on Chevron Corp. and Verizon Communications Inc. that sent their shares up, and cut its Apple Inc. stake in the last three months of 2020.
Berkshire also bought stock in insurance brokerage Marsh & McLennan Cos., disclosing three wagers that were granted confidential status and not revealed in a third-quarter regulatory filing, according to an updated document released Tuesday. The Apple stake reduction left Berkshire with a holding valued at about $120 billion at the end of 2020, according to another filing. The iPhone maker remains Berkshire’s biggest single stock holding.