On November 14, 2018, shortly before the deadline for publishing the latest hedge funds fillings, Warren Buffet published the latest changes to his investment portfolio.
The Omaha Oracle has removed Walmart Inc and not the very popular Sanofi Aventis from his portfolio. Another negative change is the 56% reduction in exposure to Phillips. Buffet also lowered his investments in Wells Fargo and two airlines (United Continental Holdings Inc., American Airlines Group Inc.) with 3%.
On the other hand, the positive expectation of the investment guru to the financial sector is impressive. Warren Buffet added JPMorgan Chase & Co with a 4 million position and increased his stake in Goldman Sachs Group Inc., Bank Of America Corp, US Bancorp, Bank Of New York Mellon Corp by 39%, 30%, 25%, 21% respectively.
Buffets' appetite to Apple is not as big as in the financial sector, but the investor added 1% and the technology giant shares, which remains the biggest part of his portfolio.
Source: Bloomberg Finance L.P.
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