Warren Buffet Has Been Busy. The 90-Year Old Oracle Of Omaha Is Shaking Up The Berkshire Portfolio.

In this May 7, 2018, photo, Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., with Liz Claman on Fox Business Network's "Countdown to the Closing Bell." Buffett's company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments. Berkshire Hathaway Inc. filed an update on its U.S. stock portfolio with the Securities and Exchange Commission on Tuesday, Aug. 14. (AP Photo/Nati Harnik)

Warren Buffett’s Berkshire Hathaway consistently aspires to ensure success, and in a recent filing has taken to actual insurance as a touch point.

According to a 13F regulatory filing late Monday reported in a Fox story, the company added 4.1 million shares of Aon to its considerable portfolio, bringing aboard the insurance giant while shedding some investments in energy, pharmaceuticals and financial companies.

Groceries and wireless saw a bump, too, with increased investments in Kroger and Verizon. 

Berkshire pulled way back on Wells Fargo and Chevron. 

From the filings, Berkshire now holds:

675,054 shares of Wells Fargo, down from 52.4 million shares three months ago.

23.7 million shares of Chevron, down from 48.5 million shares.

Other cutbacks included pharma giant Merck, with holdings this week of 17.8 million shares, AbbVie to 22.8 million shares and Bristol-Myers Squibb to about 31 million shares, automaker General Motors to 67 million shares and broadcaster Sirius XM to about 580 million shares. 

The Buffett company also completely liquidated its positions on Canada’s Suncor Energy and credit card company Synchrony Financial.

Among the Omaha, Neb., company’s outright ownership stakes are BNSF railroad, Geico insurance and several major utilities. 

Buffett is generously diversified, too, owning companies producing and selling furniture,  manufacturing, jewelry, chocolate, underwear and brick. 

What are the specifics in what Buffett was buying?

5.3 million shares of professional services firm Marsh & McLennan compared with three months ago. 

17.5 million shares of Kroger, raising the number to 51 million shares

12 million shares of Verizon, raising that number to 159 million shares.

Buffett’s biggest investments overall, Apple and Bank of America, were regarded as “hold” decisions and remained unchanged.

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