Warren Buffett, Berkshire Hathaway up stake in this healthcare company

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Warren Buffett and his Berkshire Hathaway company have upped their stake in DaVita Inc., a health care company specializing in kidney health and disease.

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AMAZON-BERKSHIRE-JPMORGAN HEALTH CARE VENTURE, HAVEN, CLOSING IN FEBRUARY

According to a Feb. 12 regulatory filing with the Securities and Exchange Commission, Berkshire Hathaway's stake in DaVita now stands at 33% with a total of 36,095,570 shares. Berkshire Hathway remains DaVita's largest shareholder.

TickerSecurityLastChangeChange %
BRK.BBERKSHIRE HATHAWAY B245.28+2.82+1.16%
DVADAVITA103.96-0.94-0.90%
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The move comes after Berkshire Hathway sold 2 million shares of DaVita in September for $176 million, a per-share price of $88, and just four days after DaVita reported net income for the fourth quarter of $173.77 million, or $1.50 per share compared to $244.87 million, or $1.88 per share, a year ago.

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DaVita was not alone in getting the financial "thumbs up" from the "Oracle of Omaha."

TickerSecurityLastChangeChange %
VZVERIZON COMMUNICATIONS INC.54.15-0.05-0.09%
CVXCHEVRON CORP.93.06+0.49+0.53%
SSPEW SCRIPPS17.57+0.06+0.34%
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A 13-F filing shows Berkshire Hathway now holds 147.6 million shares of telecommunications giant Verizon as of the end of 2020. The position is valued at around $8.6 billion and is the sixth-largest position in Berkshire's portfolio. Buffett's giant holding company also purchased 48.4 million shares of oil titant Chevron and 23.07 million shares of E.W. Scripps, the nation’s fourth-largest local TV broadcaster which also has several cable and digital video services in its portfolio.

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Berkshire also boosted its positions in pharmaceutical companies AbbiVie, Bristol Myers Squibb, and Merck, while selling off all of its shares in Pfizer.

TickerSecurityLastChangeChange %
ABBVABBVIE INC.104.23-0.30-0.29%
BMYBRISTOL-MYERS SQUIBB59.40-0.59-0.98%
MRKMERCK & CO. INC.74.25-0.75-1.00%
PFEPFIZER INC.34.68-0.06-0.17%
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The company also exited positions in JPMorgan Chase and PNC Financial and trimmed its position in Wells Fargo by about 58%, selling 74.95 million shares.

TickerSecurityLastChangeChange %
JPMJP MORGAN CHASE & CO.144.67+3.37+2.38%
PNCPNC FINL SVC169.87+7.41+4.56%
WFCWELLS FARGO & COMPANY34.77+1.25+3.73%
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It also trimmed its stake in Apple by 5.4% after selling 57.16 million shares.

TickerSecurityLastChangeChange %
AAPLAPPLE INC.133.19-2.18-1.61%
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Apple still remains Berkshire Hathway's largest stock holding, with a total of 907,559,761 shares with a value of about $120 billion as of the end of 2020

Buffett also ended the investment in Barrick Gold Corp. Last August, the $500 million-plus investment raised plenty of eyebrows on Wall Street as Buffett has rarely been a booster of the precious metal.

No sooner did Buffett buy into the company, than its stock soared to a 7-year high. The stock for Barrick closed down fractionally Tuesday but is down more than 16% for the last three months.

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