Warren Buffett revealed more exposure to consumer stocks as Berkshire Hathaway (BRKB) posted a key regulatory filing for the second quarter of 2021 late Monday.
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The highly anticipated 13-F showed Buffett added to his positions in grocery chain Kroger (KR) and high-end furniture retailer RH (RH).
Berkshire added slightly to its stake in insurance brokerage Aon (AON) after buying if for the first time in Q1.
Meanwhile, he sold more shares in drug giants Merck (MRK) and AbbViee (ABBV). Berkshire also exited its position in biotech Biogen (BIIB) and trimmed its stake in well as top U.S. automaker General Motors (GM).
In after-hours trading on the stock market today, Kroger shares edged up 0.5%, Merck dipped 0.2%, AbbVie was flat, Biogen lost 0.2%, and GM eased 0.1%. RH wasn’t active late, and Aon was flat.
The company remained a seller of stocks in Q2, according to its earnings report earlier this month.
Its net stock sales of $1.1 billion in Q2 was down from $3.9 billion in Q1, but it marked the third straight quarter of selling.
Still, the value of Berkshire’s overall stock portfolio swelled 8.7% to $293.8 billion by the end of Q2. That was up from $270.4 billion in Q1, as the S&P 500 and Nasdaq hit fresh highs to close out the quarter.
Meanwhile, Berkshire bought $6 billion worth of BRKB stock in Q2. That move cam after it repurchased $6.6 billion in Q1 and a record $27.4 billion in 2020.
Buffet’s stock portfolio remains highly concentrated in a handful of companies. In Q2, 69% of its aggregate value was in Apple (AAPL) ($124.3 billion) and Bank of America (BAC) ($42.6 billion). Also, American Express (AXP) ($25.1 billion), and Coca-Cola (KO) ($21.6 billion).
Warren Buffett Stock Moves
In Q1, Buffett’s Berkshire cut its share Merck by 37%, AbbVie by 10% and Bristol-Myers Squibb (BMY) 6%.
Berkshire also cut Chevron (CVX) by 51% in Q1, after opening a position in Q4 2020, and sold off most of its share of Wells Fargo (WFC).
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