Advertisement
New Zealand markets closed

  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     

  • NZD/USD

    0.5881
    -0.0025 (-0.42%)
     

  • NZD/EUR

    0.5528
    -0.0017 (-0.30%)
     

  • ALL ORDS

    7,803.80
    -95.10 (-1.20%)
     

  • ASX 200

    7,552.70
    -89.40 (-1.17%)
     

  • OIL

    84.63
    +1.90 (+2.30%)
     

  • GOLD

    2,397.90
    -0.10 (-0.00%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,837.40
    +67.38 (+0.38%)
     

  • Hang Seng

    16,203.73
    -182.14 (-1.11%)
     

  • NIKKEI 225

    37,118.27
    -961.43 (-2.52%)
     

  • NZD/JPY

    90.7590
    -0.4950 (-0.54%)
     

Buffett's Berkshire dumps Oracle after holding it for less than a year

Julia La Roche
·Former Correspondent
Updated

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) dumped all of its shares of Oracle (ORCL) after a short sting in the investment.

During the fourth quarter, Berkshire dumped 41.4 million shares of Oracle, an investment it first initiated during the third quarter of 2018.

Buffett added 14.4 million shares to its recent JPMorgan Chase stake (JPM), bringing the position north of 50 million shares.

Elsewhere, Buffett initiated a new position in Red Hat adding 4.1 million shares (RHT).

—

Julia La Roche is a finance reporter at Yahoo Finance. Follow her on Twitter.