Berkshire Hathaway nearly sells out of Wells Fargo

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  • CNBC Television published this video item, entitled “Berkshire Hathaway nearly sells out of Wells Fargo” – below is their description.

    Leslie Picker joins ‘Closing Bell’ to report details on Berkshire Hathaway’s first quarter filing. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

    Warren Buffett’s Berkshire Hathaway made a slew of changes to its equity portfolio last quarter, including adding a new bet on British insurance company Aon and increasing its stake in supermarket owner Kroger, a new regulatory filing showed.

    The conglomerate bought more than 4 million shares of Aon, worth $942.6 million as of the end of the first quarter, according to a new 13F filing. Berkshire is no stranger to the insurance business as it owns GEICO and General Re among other insurance units.

    Shares of Aon jumped more than 2% in extended trading on Monday following the news. The stock has rallied more than 20% in 2021 following a flat year.

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