Warren Buffett is selling these stocks
Warren Buffett's moves through his holding have always been indicative of where to invest to obtain safe profits.
Now, the message coming from the most famous billionaire in the world is to sell some shares.
Indeed, third-quarter movements at Warren Buffett's Berkshire Hathaway showed declining stake ownership in a number of blue-chip US companies, with the Oracle of Omaha converting billions of dollars from the company's stock portfolio into cash.
vast conglomerate.
The sales brought Berkshire's net divestments of publicly traded stocks to nearly $40 billion over the past year.
Buffett has seen greater value in short-term Treasury bonds which now yield more than 5%.
Berkshire's cash rose to a record $157 billion at the end of September, supported by higher interest on its cash and Treasury securities portfolio, as well as strong operating earnings from the hundreds of companies it owns.
What are the blue-chip stocks Buffett is selling? Berkhisre Hathaway's latest moves under the lens.
read also Warren Buffett bets on Japan: why don't investors trust it? Warren Buffett is selling blue-chip stocks: what are they? The holding company said it sold its remaining position in automaker General Motors during the three months to the end of September, an investment that was worth about $850 million in the previous quarter.
He then abandoned a small 59,400-share stake in logistics company UPS; it reduced its ownership in computer and printer maker HP by 15% (at a loss in value of more than $1 billion) and decreased its stock holdings in oil company Chevron by 10%.
Berkshire also sold small positions in Johnson & Johnson and Procter & Gamble, stakes that were each worth about $50 million at the end of the second quarter.
A Berkshire-owned asset manager that invests independently of Buffett, known as New England Asset Management, continued to hold shares of both companies at the end of September, separate documents showed.
The holding company also sold shares in Amazon, snack maker Mondelez International and insurers Markel and Globe Life.
It also left Activision Blizzard.
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