Business
Berkshire Climbs After Disclosing Changes to Its Portfolio
Shares in Berkshire Hathaway gained 3.3% in after-hours trading, after the Omaha, Neb., company said it sold shares in Bank of America and Apple and added a position in the New York Times. Berkshire disclosed its stockholdings in a regulatory filing Tuesday afternoon.
The group shed 50.8 million shares of Bank of America during the December quarter, Warren Buffett’s last few months as Berkshire chief executive. Berkshire sold 10.3 million shares of Apple, marking the third-straight period it cut its stake in the iPhone maker. It bought 5.1 million shares of the New York Times. Read more: