> Warren Buffett Blog: February 2019

Monday, February 25, 2019

Berkshire buys Red Hat stock

Berkshire has revealed it has bought 4.2 million shares of Red Hat.

IBM is in the process of buying Red Hat in a $34 billion deal that translates to roughly $190 per Red Hat share.

Despite the deal announced at the end of October 2018, Red Hat shares traded in the $170s in November and December 2018.

Friday, February 22, 2019

Berkshire sells some shares in United Airlines, Southwest Airlines, Wells Fargo and Charter Communications.

Warren Buffett's firm dumped more than 15 million shares of Wells Fargo and more than 4 million shares (15% of his stake) of United Airlines (UAL). It also reduced his stake by selling 1.2 million shares in Southwest Airlines (LUV) and Charter Communications (CHTR).

Berkshire's American Air and Delta Air positions were unchanged in Q4 2018, at 43.7 million shares and 65.5 million shares, respectively.

Thursday, February 21, 2019

Berkshire re-enters Suncor Energy position

Berkshire Hathaway has now taken a fresh stake in Suncor Energy Inc for the second time in about six years, sending the U.S.-listed shares of the energy.

Suncor is Canada's biggest oil and gas company. The investment into Suncor comes at a time when global investors have been pulling away from Canada because of its carbon-intensive oil sands and struggle to approve pipelines.

Berkshire said in its recent regulatory filing that it has a stake of 10.8 million shares in the company.

The new position comes more than two years after Berkshire sold its stake in Suncor. Berkshire took a position in Suncor in 2013 and exited its stake in 2016.

Wednesday, February 20, 2019

Warren Buffett buys more shares in GM, JPMorgan, US Bank and Bank of New York Mellon

Buffett’s company increased its stake in General Motors by more than 20 million shares to 93.2 million shares.

Berkshire also increased its investments in financial companies JP Morgan Chase (additional 14.5 million shares), Bank of America(additional 19.8 million shares), and US Bancorp.

Tuesday, February 19, 2019

Warren Buffett dumps Oracle shares

Warren Buffett's Berkshire Hathaway has sold its entire $2 billion stake in Oracle after holding the investment for just one quarter. A recent regulatory filing by Berkshire Hathaway revealed that it sold over 41 million shares in the software company in late 2018. The stake was worth over $2 billion when first disclosed in November 2018.

It's not clear whether the Oracle investment was made by Buffett or his portfolio managers, Todd Combs and Ted Weschler. Berkshire Hathaway typically holds its investments over much longer periods of time.

The Oracle investment was notable because Buffett had historically tended to be cautious about investing in technology stocks.