U.S. Markets closed
  • S&P 500

    3,662.45
    +40.82 (+1.13%)
     
  • Dow 30

    29,823.92
    +185.28 (+0.63%)
     
  • Nasdaq

    12,355.11
    +156.37 (+1.28%)
     
  • Russell 2000

    1,836.05
    +16.23 (+0.89%)
     
  • Crude Oil

    44.40
    -0.94 (-2.07%)
     
  • Gold

    1,819.20
    +38.30 (+2.15%)
     
  • Silver

    24.14
    +1.55 (+6.85%)
     
  • EUR/USD

    1.2083
    +0.0149 (+1.2446%)
     
  • 10-Yr Bond

    0.9340
    +0.0900 (+10.66%)
     
  • Vix

    20.77
    +0.20 (+0.97%)
     
  • GBP/USD

    1.3419
    +0.0087 (+0.6548%)
     
  • USD/JPY

    104.2910
    -0.0330 (-0.0316%)
     
  • BTC-USD

    19,102.72
    -297.05 (-1.53%)
     
  • CMC Crypto 200

    375.04
    -4.82 (-1.27%)
     
  • FTSE 100

    6,384.73
    +118.54 (+1.89%)
     
  • Nikkei 225

    26,787.54
    +353.92 (+1.34%)
     

Buffett's Berkshire dumps Oracle after holding it for less than a year

Julia La Roche
·Correspondent

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) dumped all of its shares of Oracle (ORCL) after a short sting in the investment.

During the fourth quarter, Berkshire dumped 41.4 million shares of Oracle, an investment it first initiated during the third quarter of 2018.

Buffett added 14.4 million shares to its recent JPMorgan Chase stake (JPM), bringing the position north of 50 million shares.

Elsewhere, Buffett initiated a new position in Red Hat adding 4.1 million shares (RHT).

Julia La Roche is a finance reporter at Yahoo Finance. Follow her on Twitter.