Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, new SEC filings show. The billionaire investor's company cut its stake in Delta by nearly one-fifth and its Southwest holdings by just over 4%. Berkshire's stock portfolio took an estimated $5 billion hit on its airline holdings in the first quarter as the novel coronavirus hammered demand and led to travel restrictions. Visit Business Insider's homepage for more stories. Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, reducing its exposure to an industry being hammered by the coronavirus pandemic. The famed investor's conglomerate slashed its roughly 11% stake in Delta by nearly one-fifth, from 71.9 million shares to 58.9 million, according to a Securities and Exchange Commission filing published on Friday.See the rest of the story at Business InsiderNOW WATCH: A big-money investor in juggernauts like Facebook and Netflix breaks down the '3rd wave' firms that are leading the next round of tech disruptionSee Also:A new survey of 159 pro investors shows experts are looking to buy stocks again.

NEXT
BING NEWS:
  • Warren Buffett's Apple stake is worth $169 billion — more than the value of many S&P 500 companies
    Warren Buffett's Berkshire Hathaway has a 5.1% stake in Apple that is worth more than household names including Verizon, Uber and Nike.
    06/13/2024 - 10:45 pm | View Link
  • 1 Stock That Should Safely Outpace the S&P 500, According to Warren Buffett
    So, when Buffett sees an opportunity in the market, investors pay attention. In his most recent letter to shareholders, he indicated one stock that should be able to outperform the S&P 500 over the ...
    06/13/2024 - 8:30 pm | View Link
  • Traders who scooped up Warren Buffett’s Berkshire Hathaway shares at a massive $620,000 discount during ‘glitch’ will have their deals canceled by the NYSE
    Investors who purchased shares in Warren Buffett's Berkshire Hathaway yesterday at a huge discount will see their trades canceled following a technical issue on the stock exchange. On June 3, a data ...
    06/3/2024 - 11:57 pm | View Link
  • Warren Buffett's Berkshire Hathaway Has Spent $77.5 Billion Buying This Stock Since 2018
    Berkshire spent approximately $38 billion accumulating shares of Apple since 2016. It has sold some along the way, but its holding is now worth a whopping $150.2 billion, representing 40.3% of the ...
    06/1/2024 - 1:01 am | View Link
  • Warren Buffett’s legacy is at stake via Bill Gates
    The 2006 grant earmarked 10 million of Buffett’s shares ... Berkshire holdings worth a bit over 1% of the company. Over time, Buffett’s own shareholdings have fluctuated. He sold stock ...
    05/17/2024 - 6:33 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News