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Major divestitures: Berkshire sold all of its Activision shares at the end of the second quarter. The sale comes in the wake of the video game software company’s acquisition through software giant Microsoft Corp. MSFT, which was finalized last month. Previously, Berkshire owned 13. 51 million shares of Activision, valued at $1. 24 billion.
Berkshire liquidated GM, a specialty chemicals company, Celanese Corporation CE, Johnson
New Additions/Add-Ons: Berkshire added Atlanta Braves Holdings, Inc. to its portfolio. BATRA, which owns and operates a league baseball club, in the third quarter. It acquired 223,645 shares, valued at $7. 99 million.
The company also added 9. 68 million shares of Sirius XM Holdings Inc SIRI valued at $43. 77 million.
For its part, Berkshire has reduced its stake in HP, Inc. HPQ from $120. 95 million to $102. 52 million, down 15. 24% from the last quarter.
Amazon, Inc. AMZN’s position was reduced from $10. 55 million at the end of the second quarter to $10 million at the end of the third quarter, with the existing stake valued at $1. 38 billion.
Status quo: In addition to the major stocks, Berkshire also kept its position unchanged in a number of stocks. These include real estate developers Lennar Corp. LEN and D. R. Horton, Inc. DHI, Capital One Financial Corp. COF, payment processors Mastercard Incorporated MA, Visa, Inc. V, generation corporations Snowflake, Inc. SNOW and VeriSign, Inc. VRSN, Kroger, Inc. KR, and Mondelez International, Inc. MDLZ.
The firm also kept two of the ETFs that track the broader S index unchanged
After a strong performance in the first part of the year, the market has entered an era of scarcity since late July, and the weakness lasted through the rest of the third quarter. Analysts blamed the setback on fears over interest rates, which have pushed bond yields higher. , as well as typical seasonality.
The S index
Berkshire Hathaway Class B shares closed Tuesday’s trading up 1. 21% at $354. 25, according to data from Benzinga Pro.
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