Asset Management

Warren Buffett’s Berkshire Hathaway sheds investments in GM, J&J and P&G

Berkshire’s stock portfolio is concentrated in five companies: Apple, Bank of America, American Express, Coca-Cola, Chevron

Buffett’s record cash pile continues to grow
Buffett’s record cash pile continues to grow Photo: Eric Francis/Getty Images

Warren Buffett’s Berkshire Hathaway eliminated its stake in a handful of American blue chips, including General Motors and Johnson & Johnson, while the stock market’s rally sputtered in the third quarter.

The company also sold off smaller positions in Procter & Gamble, Mondelez International and United Parcel Service, while trimming its investments in Amazon.com, Chevron and HP, among others.

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