Firm also cuts holdings in Bank of New York Mellon
The move by Berkshire comes as Microsoft Corp makes efforts to conclude its acquisition of Activision Blizzard, maker of the “Call of Duty” video game. On Feb. 21, Microsoft will defend the deal in front of European Union and national antitrust officials at a closed hearing.
Berkshire reduced its stake in Activision Blizzard by 12.35%, and now holds a 6.7% stake, or 52,717,075 shares, according to the filing. Berkshire also trimmed its stake in BNY Mellon by roughly 60% in the last quarter, to 25.1 million shares. At current prices, it represents roughly $2 billion in shares of the bank sold.
On Apple, Buffett’s company bought another 20.8 million shares, or $3.2 billion, bringing his stake to 5.8% in Apple, which Buffett considers more as a consumer products company, according to the filing. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
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