Warren Buffett’s Berkshire Hathaway reveals Citigroup and Paramount stakes — and virtually eliminated its Verizon wager

Warren Buffett's Berkshire Hathaway added Citigroup and Paramount Global to its stock portfolio last quarter, a Securities and Exchange Commission filing revealed on Monday.

The famed investor's company owned $2.9 billion worth of the banking giant's shares, and $2.6 billion of shares in the media giant, as of March 31. It also established stakes in Ally Financial, Markel, McKesson, Celanese, Occidental Petroleum, and HP last quarter. Only those last three positions were worth more than $1 billion.

On the other hand, Berkshire slashed its Verizon stake by more than 99%, cutting the holding's value from $8.3 billion to about $70 million in the space of three months. It also exited its positions in AbbVie, Bristol-Myers Squibb, and Wells Fargo.

Full article: https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-citigroup-paramount-verizon-q2-stock-portfolio-2022-5