Berkshire Hathaway made a $2 billion investment in Apple, and this information is taken from a list of November 18th, 2017.
Charter Communications from the services sector has a market value of $3.085 billion. The company is the third largest pay tv operator, next to Comcast and AT&T U-verse. In 2017, Charter acquired Time Warner and Bright House. In May 2017, Charter and Comcast reached an agreement in order to explore working together as wireless providers. Moody’s, a service sector company, provides credit ratings, research, tools, and analysis. This corporation reported $4.2 billion revenue in 2017. US Bancorp is part of the financial sector and based out of Minneapolis, Minnesota, as the parent company of U.S. National Bank Association.
IBM is a technology company with $5.375 billion in assets. Buffett feels that IBM has gone down in value in recent memory. IBM has to reignite its earnings somehow. Buffett has lost $2 billion on IBM or 15% of $13 billion that Buffett had purchased. He feels this downturn is “temporary” and not necessarily significant. Berkshire Hathaway purchased the stock in the first quarter of 2011. The rest of the list is made up of Phillip’s 66, American Express, Bank of America, Coca-Cola, Apple, and Wells Fargo. Buffett sold a third of IBM stock in the first and second quarters of 2017. Phillip’s 66 is a multinational energy company with headquarters in Westchase, Houston, Texas. This company began trading on the New York Stock Exchange on May 1st, 2012, and is engaged in making natural gas liquids (NGL) and petrochemicals.
Buffett has owned some American Express as part of his portfolio since 1991, in the amount of 151, 610, 700 shares. Because of losing its Costco partnership in 2015, the stock plunged more than 30%. Buffett researches his portfolio carefully.