Warren Buffett's Berkshire Hathaway earns $17 billion in less than 3 months



Warren Buffett's Berkshire Hathaway conglomerate makes $17 billion in less than three months thanks to stocks of five enterprises. Just counting on the investment in five enterprises (Bank of America, American Express, Kraft Heinz, General Motors and US Bancorp) brought Berkshire $17 billion this year.

Warren Buffett's Berkshire Hathaway Multinational conglomerate company has made $17 billion with just five stocks, year-to-date.  In particular, investments in Bank of America alone contributed $9 billion.  The bank's share price has risen 30% this year, bringing the value of Berkshire's shares from $30 billion to $39 billion.

Warren Buffett's Berkshire Hathaway makes $17 billion in less than 3 months

Bank of America, American Express, Kraft Heinz, General Motors and US Bancorp brought Berkshire $17 billion this year. 

 The legendary investor group also made $3.7 billion thanks to stock of American Express up 30%.  In addition, Berkshire also has an additional $1.5 billion from an investment in Kraft Heinz, $1.4 billion from General Motors and $1.3 billion from US Bancorp in less than three months.

 Buffett's bet on five Japanese companies last fall is also paying off.  Stocks of Itochu, Mitsui, Marubeni, Mitsubishi and Sumitomo have risen an average of 26% this year, bringing Berkshire's total holdings to $1.6 billion.

Some of its other investments are also performing well.  Stocks of Chevron, Suncor Energy and Synchrony Financial are all up more than 20% YTD.  Wells Fargo - formerly one of the biggest shares in Berkshire's portfolio - rose 37%.

 However, not all of Buffett's investments are profitable.  Stock of Apple - the company that accounts for more than 40% of Berkshire's portfolio - have fallen 7% this year, "knocking away" $8 billion worth of shares.  In addition, the value of shares held by Berkshire in Coca-Cola, Snowflake and Verizon also decreased compared to the beginning of the year.

 Buffett's signature investment strategy is to find good, undervalued businesses and make long-term investments.  This strategy is bringing positive results for the "sage of Omaha".  If technology stocks regain growth momentum, Buffett could make a fortune from his investment in Apple.

Warren Buffett\'s Berkshire Hathaway earns $17 billion in less than 3 months

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