Berkshire Hathaway Quietly Buys Verizon and Chevron Shares
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Berkshire Hathaway, owned by popular investor Warren Buffett, has reported on investments made during the fourth quarter of 2020. The holding company has announced a block of shares it secretly bought during the third quarter of last year.

As a result, Berkshire Hathaway bought 146.7 million shares of Verizon Communications for $8.6B. Buffett's company also acquired 48.5 million shares of Chevron for $4.1B as well as 4.3 million shares of insurance broker Marsh & McLennan for $499.3M.

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During the fourth quarter, Berkshire Hathaway increased its holdings in pharmaceutical companies AbbVie, Bristol-Myers and Merck & Co. At the same time, the company sold all its Pfizer shares.

Between October and December 2020, the company sold stakes in Barrick Gold, JPMorgan, M&T Bank and PNC Financial.

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