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Buffett’s Berkshire cuts HP stake by half

December 15, 2023

In a strategic shift, Buffett’s Berkshire Hathaway reduces its HP Inc. investment, signalling changing market approaches.

Warren Buffett’s conglomerate, Berkshire Hathaway, has pared down its investment in HP Inc., almost halving its shares in the tech firm. As of late November, the holding has been scaled back to 5.2%, a reduction from just over 9% earlier in the year. This move represents a continuation of Berkshire’s sales trend, previously seen in September when it offloaded a portion of its HP shares. The sale has been significant enough to reshape Berkshire’s investment landscape but still leaves HP as a visible part of its portfolio, albeit less prominently.

The Recycler reported in April 2022 that Warren Buffett’s Berkshire Hathaway Inc has purchased 121 million shares for $4.2 billion (€3.86 billion) giving the investor an 11.4% stake in the printer manufacturer and making them HP’s largest shareholder.

The reduction by Berkshire is seen as a strategic adjustment, reflective of ongoing market evolution and possibly indicative of a broader reassessment of tech investments. Notably, this divestiture has garnered attention from investors and market spectators alike, who often look to Buffett’s moves as signals within the investment community.

Categories : City News

Tags : Berkshire Hathaway Business HP Inc Shares Stock

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