Buffett's company ended March with $106.3 billion of cash and equivalents, down from a near-record $146.7 billion three months earlier, largely reflecting the new investments.
NEW YORK:Berkshire Hathaway Inc BRKa.N on Monday said it added new investments in Citigroup Inc C.N and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash.
In a regulatory filing describing its U.S.-listed equity investments as of March 31, Berkshire reported new stakes in Ally Financial Inc ALLY.N, chemicals and specialty materials company Celanese Corp CE.N, insurance holding company Markel Corp MKL.N, drug distributor McKesson Corp MCK.Nand Paramount Global PARA.O, formerly known as ViacomCBS.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
