Buffett’s firm reveals new stakes in Paramount, Citigroup

OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks.

Burtt had already shared the largest investments with Berkshire Hathaway shareholders during the company’s annual meeting. Investors knew that Buffett had made large investments in Chevron, Occidental Petroleum, and HP Inc. during the quarter. He also bought nearly 4 million more Apple shares and bet that Microsoft’s acquisition will go through.

But Monday’s Securities and Exchange Commission filing also revealed new stakes in Citigroup, Ally Financial, media company Paramount Global, insurer Markel, chemical maker Celanese Corp., and pharmaceutical distributor McKesson Corp.

Berkshire also added 2 million General Motors shares to give it 62 million shares of the automaker during a quarter when its cash pile shrank to $106 billion from $147 billion because of all of its stock purchases. The Monday filing Berkshire submitted doesn’t detail which moves Buffett made or which investments were made in part by Berkshire’s other investment managers. Buffett usually handles the company’s larger investments, which are those worth more than $1billion, such as Berkshire stakes in Apple Bank of America, Coca-Cola and Bank of America. These quarterly stock filings are not discussed by Buffett or other Berkshire officials.

Recent SEC filings showed that Berkshire continued buying Occidental Petroleum shares after the first quarter ended and it now holds more than 15% of the oil producer’s stock.

In addition to all the new investments, Berkshire did sell off nearly $10 billion in stocks, including trimming its holdings in grocer Kroger and Verizon Communications, and eliminating investments in drugmakers Abbvie and Bristol Myers Squibb.

Besides investments, Berkshire owns an eclectic assortment of more than 90 companies, including BNSF railroad, several major utilities, Geico and other insurers, and an assortment of manufacturing and retail companies.