Warren Buffett Just Dumped This Stock

Posted on

According to recent filings, Warren Buffett has sold all of his $315.4 million stake in General Electric in the second quarter. Buffet’s Berkshire Hathaway company owned around 10.6 million shares.

Since the dat of the filing, the company’s position may have changed as the SEC filing only reflected the firm’s second quarter holdings.

During the period, Buffett also bought a large chunk of Synchrony worth about $520.7 and bought $418.1 million of Store Capital. His firm also decreased their positions in Wells Fargo and IBM while buying more of BNY Mellon, Apple, and General Motors.

Since the start of the year, shares of General Electric are down 20.8%.