Buffett is frequently referred to as the “Sage of Omaha” as a result of his phenomenal success with value investing. Over the last five decades, he has returned an average of more than 20% to investors. A feat unmatched in modern Wall Street history. Warren Buffett, the billionaire investor, has been selling health and pharmaceutical stocks. Biotech companies account for four of the ten largest percentage declines in the portfolio when compared to the first quarter of 2021. This is not typical of Buffett, who typically invests in and holds stocks for the long term.
Here is Insider Monkey’s list of the 10 stocks Warren Buffett is selling. The company operates as a financial services holding company out of Minnesota. At the end of June, Berkshire Hathaway owned more than 128 million shares in the company. The firm’s stake in the financial services firm has decreased by 1% in comparison to the first quarter of 2021 filings. Chevron Corporation is ranked ninth on the list of Warren Buffett’s top ten selling stocks. Berkshire Hathaway held more than 23 million shares in the company at the end of the second quarter of 2021, valued at more than $2.4 billion. AbbVie was ranked eighth on the list of the ten stocks that Warren Buffett is currently selling. At the end of June 2021, Berkshire Hathaway owned more than 20 million shares in the company. The firm reduced its stake in the pharmaceutical company by 11% in the first quarter of 2021. General Motors Company is a Michigan-based automobile manufacturer and retailer. At the end of the second quarter of 2021, Berkshire Hathaway owned 60 million shares in the company, representing 1.21 percent of the portfolio. The shares are worth more than $3.5 billion. The Bristol-Myers Squibb Company ranks sixth on our list of the top ten stocks that Warren Buffett is selling. At the end of June 2021, Berkshire Hathaway owned more than 26 million shares in the company. The firm reduced its stake in the company by 16% in the second quarter of the year. For more details, click 10 Stocks Warren Buffett Is Selling.
