Warren Buffett's Berkshire Hathaway reports new stakes in AbbVie, Pfizer, Merck, Bristol-Myers Squibb

Warren Buffett’s Berkshire Hathaway released its newest holdings worth more than $1.8 billion with notable investments in some big pharma stocks like Merck and Pfizer. Yahoo Finance's Jared Blikre breaks it all down.

Video Transcript

ADAM SHAPIRO: Warren Buffett's buying and selling. Jared Blikre, he's looking at pharmaceuticals, but getting rid of Apple. What's going on?

JARED BLIKRE: Yeah, let's take a look at what he's buying and selling, because as you said, lots of pharmaceuticals are new buys right now. So one is ABBV. And I actually have this in the Wi-Fi interactive. So let's take a look at that. We can see ABBV's up about 1.69% in after market trading, bought 21 million shares, valued at about $1.86 billion. Also bought Merck, 22 million shares, valued $1.86 billion. Noticing a pattern here.

Bristol-Myers, $1.1. Snowflake, remember that was disclosed a few weeks ago, $1.54 billion. And T-Mobile, $276 million. We can also take a look at what he has been selling. In his decreased holdings, we're seeing Wells Fargo. He sold 110 million shares. That's down 46%. And he also sold some other banks. JP Morgan down 96% from his previous holdings. PNC, $3.43 million, down 64%. Barrick Gold, remember he bought gold. Well, at least an exposure to gold in terms of mining. That's down 43%. M&T Bank Corp. down 36%. And finally, Liberty Global Class A, those shares are down. He sold those shares as well.

Now his current top holdings, those are Apple. Though he sold some Apple shares, but still has $944 million worth, almost a billion. Or excuse me, 944 million shares valued at $109 billion. And this is his biggest position overall. It's about 48% of the Berkshire portfolio. Bank of America still owns 85, excuse me, he added. And so those are up 85 million to 1.01 billion. And those are worth $24 billion. Coca-Cola is unchanged at $19.7 billion. And then we have American Express. Those are unchanged at $15.2 billion. And then finally, Kraft Heinz. Those are unchanged and that is worth $9.75 billion. Adam.