Warren Buffett Sells Verizon Stake In Q2

Berkshire Hathaway (BRK.B), the holding company of famed investor Warren Buffett, eliminated
a stake in Verizon Communications (VZ) during the second quarter but kept the rest of its equity
portfolio largely unchanged.

Berkshire made $3.8 billion U.S. in net stock purchases during the second quarter, down from
$41 billion U.S. in the previous first quarter of this year.

Berkshire Hathaway increased its stakes in Activision Blizzard (ATVI) and chemical

manufacturer Celanese (CE) during Q2, according to the company’s quarterly regulatory filing.
Buffett also continued to buy shares of energy giant Occidental Petroleum (OXY) during the
second quarter, bringing his ownership stake to 188 million shares or more than 20% of the
outstanding share count.

Berkshire Hathaway’s Class B stock is flat on the year (up 0.67%) and trading at $302.82 U.S.
per share.

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