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Buffett's Berkshire discards Oracle, buys Red Hat and stacks Apple for 1%.



Berkshire Hathaway Inc. by Warren Buffett

BRK.A, -1.44%

BRK.B, -1.47%

acquired a new position in the software maker Red Hat Inc.

RHT, + 0.02%

and decreased its position in Apple Inc. at the end of December, according to 1

3F requests to the Securities and Exchange Commission, which were released on Thursday afternoon. Berkshire acquired 4.175 million Red Hat shares worth $ 733 million, according to files. The investment company also raised new shares in Suncor Energy

+ 0.65%

by purchasing 10.75 million shares, and bought a stake from StoneCo Ltd., described as Brazil's PayPal by some, adding 14.16 million shares. At the same time, the influential investor lost 2.89 million shares of Apple

AAPL, + 0.36%

reduces its position in the iPhone manufacturer by about 1%, according to letters. The company maintains 249,589,329 million Apple shares worth about $ 39.4 billion, or 21.5 percent of Berkshire's holdings, compared with 25.8 percent, according to WhaleWisdom. Meanwhile, Buffett's company cut its stake in Phillips 66

PSX, -0.49%

decreasing by 22%, or 3.5 million shares, and cutting its ownership of United Airlines' parent company

UAL, -0.49%

by 15%, or by about 4 million shares. Berkshire also unloaded its entire stake in Oracle Corp.

ORCL, + 0.12%

A little over 41 million shares show 13F submission. Major investors must disclose long positions in shares that are held at the end of the quarter 45 days later in 13F submission to the SEC, which means that these documents are just a snapshot of the investors' owners at a certain point. Berkshire Class A and B shares fell by about 0.7 percent by 2019, compared to 9.1 percent of the annual Dow Jones Industrial Average

DJIA, -0.41%

and 9.5% profit for the S & P 500

SPX, -0.27%

so far in 2018, according to FactSet. The Nasdaq Composite Technology Index

COMP, + 0.09%

have accumulated so far this year 11.9%. Subscribe to MarketWatch's free emails. Sign up here.


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