On Monday, financial conglomerate Berkshire Hathaway, headed by billionaire Warren Buffett, public a quarterly report where it revealed its investment strategy during the second quarter of 2021, a period during which it increased its share purchases in the consumer sector.
In particular, Berkshire Hathaway increased its stake in the Kroger supermarket chain and luxury furniture retailer RH. In addition, he decided to buy more securities of the brokerage and insurance company Aon, collects Investor’s Business Daily.
Following the release of the report, Kroger shares rose 0.5% in the after-hours session on Monday on the stock market, while Aon and RH stocks remained stable.
Likewise, during the past quarter the Buffet conglomerate reduced its stakes in pharmaceutical companies, as well as in the biotechnology and automobile manufacturing sectors. Among other movements, it got rid of titles of pharmaceutical giants such as Merck or AbbViee and stopped participating in Biogen.
In total, the value of Berkshire Hathaway’s total portfolio of securities increased 8.7%, topping $ 293 billion at the end of the second quarter of the year.
Most of Buffett’s portfolio still consists of stocks in large companies such as Apple, Bank of America, American Express or Coca-Cola.