Reported possession of Berkshire, Synchrony shares – Expanding investment in the card industry  2017-08-14

By Holdings, USA

Reported possession of Berkshire, Synchrony shares – Expanding investment in the card industry. 


According to documents submitted to the authorities on 14th, Berkshire had 17.5 million shares (approximately 520 million dollars = approximately 57 billion yen) of Synchrony stock as of the end of June. Mr. Buffett is the largest shareholder of American Express (Amex), which handles financing and settlement networks for credit card members. Berkshire also holds MasterCard and Visa shares in payment networks. Berkshire reduced shares held by American Airlines Group, Delta Airlines, United Continental Holdings, and sold all GE shares. Berkshire became a major shareholder at one time after investing in GE at the time of the financial crisis but had previously disposed of the majority of its holdings. Bloomberg

 


https://www.bloomberg.co.jp/news/articles/2017-08-14/OUP2MA6KLVR401

More from tokioX :

  1. Hong Kong Millionaire: Additional Evergrande shares sold: 1.2 billion yen worth of shares
  2. Warren Buffett’s Berkshire Hathaway may have suffered $70 billion in coronavirus losses on its 10 biggest investments
  3. Here are Warren Buffett’s top 13 favorite stocks
  4. Berkshire Hathaway’s Surprising New Addition to its Portfolio
  5. Here are Warren Buffett’s 15 biggest investments
  6. Warren Buffett’s Berkshire Hathaway is taking a nearly $4 billion hit as Kraft Heinz craters to a record low
  7. Warren Buffett bought even more AAPL shares in Q3