Berkshire Hathaway Sells Off GM, P&G; Invests in Atlanta Braves Holdings

Warren Buffett's firm increases cash pile to record $157.2 billion after Q3 2023 sell-offs and new investments.

Berkshire Hathaway, led by Warren Buffett, sold off its entire stake in General Motors, Procter & Gamble, and several other companies in Q3 2023, increasing its cash pile to a record $157.2 billion.
The company also reduced its holdings in Amazon, Chevron, and HP.
Berkshire Hathaway made a new investment in Atlanta Braves Holdings, which indirectly controls the MLB team.
The company sold $7 billion of stocks and bought just $1.7 billion in the third quarter.
Berkshire Hathaway's equity portfolio was valued at $313.3 billion at the end of Q3 2023.