Toggle light / dark theme

Warren Buffett dumped his $850 million stake in Mary Barra’s General Motors and cut back on Amazon

Posted in materials

Berkshire Hathaway said on Tuesday it has shed its holdings in General Motors and Procter & Gamble, and trimmed its stake in Amazon.com, as the conglomerate controlled by billionaire Warren Buffett boosted its cash pile to a record $157.2 billion.

In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM and P&G, after reporting stakes of $848 million and $48 million in June, and said it reduced its stake in Amazon by 5%.

Berkshire also appeared to have shed what had been a $621 million stake in Celanese, a specialty materials company.