Warren Buffet’s Berkshire Hathaway Dumps Oracle Stake


The “Oracle of Omaha” apparently isn’t so keen on Oracle Corp. anymore.

Berkshire Hathaway, the holding company run by billionaire investment guru Warren Buffett, has cut its entire $2.1 billion stake in Oracle, the Redwood Shores, Calif.-based tech giant that recently lost one of its top executives, Thomas Kurian, to Google. Berkshire also made changes to its stakes in Apple and Red Hat.

Reuters and several other news outlets first reported that Omaha, Neb.-based Berkshire Hathaway sold its 41.4 million shares, worth about $2.13 billion, in Oracle stock, according to a 13F filing with the U.S. Securities and Exchange Commission on Thursday. Berkshire first acquired Oracle shares only in mid-November, making the sale of these shares in such a short time an unusual event for the company.

Berkshire also reduced its stake in Apple to 249.6 million shares from its previously-reported stake of 252.5 million shares. That is about a 1-percent cut in its Apple stake. Apple still accounts for 21.5 percent of Berkshire's holdings, according to MarketWatch.

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Berkshire first started purchasing shares in Apple in early 2016.

[Related: Partners See Potential But Fear IBM’s $34B Acquisition Could ‘Blue Wash’ Red Hat]

However, Berkshire did acquire 4.175 million shares of Red Hat, which MarketWatch estimated to have a value of $733 million.

News of Berkshire's purchase of Red Hat shares comes on the heels of IBM's blockbuster $34-billion acquisition of Red Hat, first unveiled in October.