Warren Buffett’s Berkshire Hathaway made some notable changes to its investments in the first quarter, a period marked with coronavirus-induced volatility .
Berkshire Hathaway (ticker: BRKb ) slashed its position in Goldman Sachs Group (GS), and exited investments in Phillips 66 (PSX) and Travelers (TRV). Buffett’s company also trimmed a position in Sirius XM Holdings (SIRI). Berkshire Hathaway disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.
Berkshire Hathaway didn’t immediately respond to a request for comment on the stock trades. It recently reported a large first-quarter loss on a drop in the value of its investments.
Buffett’s firm sold 10,084,571 Goldman shares in the first quarter, cutting its stake to 1,920,180 shares at the end of March. The financial giant’s shares have lost a quarter of their value so far this year.
