Earlier this week, filings showed that billionaire investor Warren Buffett had been further reducing his stake in Bank of America. This is increasing his cash pile, which sat at a whopping $277bn in the latest quarterly earnings. However, he does hold one FTSE 100 company in his portfolio which makes for interesting consideration.
Details to consider
Buffett holds just under 228,000 shares in Diageo (LSE:DGE) which equated to a purchase value of $40.2m. This purchase was made back in Q1 2023 and since then hasn’t altered his position at all.
As a point of clarity, the shares were purchased via Gen Re, an insurance company that sits within his portfolio. Yet it’s still valid to say that Diageo is part of the overall stock portfolio controlled by Berkshire Hathaway.
Diageo shares are down 25% over the past year. Fortunately, a holding this size for Buffett isn’t actually a big deal, given multi-billion…
