Participation greatly reduced
Warren Buffett is throwing HP out of his portfolio
December 14, 2023, 1:45 p.m
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Investor legend Warren Buffett is significantly reducing his shares in the printer and PC manufacturer HP. After the 93-year-old became the largest shareholder with his investment company Berkshire Hathaway in April last year, more and more shares are now leaving the portfolio.
Stock market guru Warren Buffet has sold half of his shares in the PC manufacturer HP. The 93-year-old and his investment company Berkshire Hathaway only hold 51.5 million shares as of November 30, according to a filing with the US Securities and Exchange Commission (SEC). This corresponds to a share of 5.2 percent. As recently as October, Berkshire owned around 100 million shares.
Shares had already been removed from Buffett’s portfolio in September. It is still unclear whether Buffett will completely separate from HP. However, the investor legend once told the broadcaster CNBC: “We don’t reduce positions. We don’t do it that way, just as we don’t do it when we buy 100 percent of a company.”
The investment company announced a $4.2 billion stake in HP in April 2022, making it the computer company’s largest shareholder. At that time, the company was still benefiting from increased sales volume after the corona pandemic. The purchase was an unusual step for the so-called Oracle of Omaha.
Buffett isn’t actually known for investing in tech stocks. True to his credo: Don’t invest in companies you don’t understand. However, this attitude has changed in recent years and the share of its investments in the tech sector has grown. To this day, his most valuable individual investment remains the iPhone manufacturer Apple.
Berkshire Hathaway also holds shares in Coca-Cola, among others. Buffett always advises investors to pay attention to the results of his group’s operating business. According to Forbes magazine, the investor is the fifth richest person in the world with a fortune of more than $117 billion. He and Berkshire Hathaway receive particular attention because of his investment decisions and the broad positioning of his group in many industries.