Warren Buffett sells the bulk of Goldman Sachs holding

clock • 1 min read

Berkshire Hathaway, the firm of famed investor Warren Buffett, has sold the majority of its shares in Goldman Sachs, according to a regulatory filing, the FT has reported. Buffett's firm had acquired its stake in the financial powerhouse during the depths of the Global Financial Crisis but sold over 10m shares in Goldman Sachs, worth $2.3bn, during the first quarter, reducing its share from 2.9% to 0.6%. It also reduced its JPMorgan Chase holding from 1.94% to 1.88% during the first quarter, which saw some of the worst market days in financial history. The move comes as Buffett add...

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