NewsLocal News

Actions

Berkshire Hathaway tweaks portfolio, adds stock in Suncor

Posted: 9:28 AM, Feb 15, 2019
Updated: 2019-02-15 15:29:00Z
Omaha screening of "Becoming Warren Buffett"

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has taken a new stake in Canadian firm Suncor Energy and trimmed its huge Apple stake.

Berkshire Hathaway, Inc. filed a quarterly update on its holdings with the Securities and Exchange Commission Thursday. Berkshire said it owned 10.76 million Suncor shares at the end of last year.

Buffett has said that investments of less than $1 billion are likely to be the work of Berkshire's two other investment managers.

Berkshire said it sold nearly three million Apple shares but it still held 249.6 million shares of the iPhone maker.

Investors follow what Berkshire buys and sells closely because of Buffett's successful track record. Berkshire officials don't generally comment on these quarterly filings.