(Reuters) — Warren Buffett’s Berkshire Hathaway Inc. said on Monday it has taken a $943 million stake in the broker Aon PLC and nearly dissolved a more than three-decade-old investment in Wells Fargo & Co.
The changes were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed holdings in its $282.1 billion equity portfolio as of March 31.
Berkshire said it owned just $26.4 million of Wells Fargo stock. It once owned around $32 billion worth of shares in the fourth-largest U.S. bank.
(Reuters) — Warren Buffett's Berkshire Hathaway Inc. is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses.