By Jonathan Stempel
(Reuters) – Berkshire Hathaway said on Tuesday it has sold its holdings in General Motors and Procter & Gamble, and reduced its stake in Amazon.com, as the conglomerate controlled by billionaire Warren Buffett increased its cash reserves to a record $157.2 billion.
In a regulatory filing disclosing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported zero holdings in GM and P&G, after previously reporting stakes of $848 million and $48 million in June, and stated that it decreased its stake in Amazon by 5%.
Berkshire also appears to have divested its $621 million stake in Celanese, a specialty materials company.
One new addition to its portfolio is an $8 million stake in Atlanta Braves Holdings, which indirectly controls the Major League Baseball team and The Battery Atlanta, a mixed-use development adjacent to the Braves’ Truist Park.
The Braves were separated from Liberty Media, another Berkshire investment, in July.
The filing on Tuesday provided details of investments that make up the majority of Omaha,…
2023-11-14 21:24:10
Link from braves-sheds-022410587.html” target=”_blank” style=”color:blue” rel=”noopener”>finance.yahoo.com
rnrn