Jakarta –
Billionaire wealth Warren Buffett back up. His Berkshire Hathaway company posted a profit of US $ 17 billion or the equivalent of Rp 244.8 trillion (exchange rate of Rp.14,400 / US $) from just five of its shares this year.
Reporting from Business Insider, Saturday (20/3/2021), the company’s share price Buffett invested an increase of US $ 9 billion or Rp 129.6 trillion in Bank of America alone. The banking group’s share price has surged 30% since early January, increasing the value of Berkshire’s shares from US $ 30 billion or Rp 432 trillion to US $ 39 billion or Rp 561.6 trillion.
Berkshire has also made a profit of US $ 3.7 billion or Rp 53.28 trillion in American Express shares, as shares of the financial services group have surged 30% this year. It also generated US $ 1.5 billion or Rp 21.6 trillion in Kraft Heinz shares.
Then, the US $ 1.4 billion or Rp 20.16 trillion stake also came from General Motors shares, and US $ 1.3 billion or Rp 18.72 trillion from US Bancorp in less than three months.
Bet Warren Buffett in five Japanese company stocks last fall it also paid off. Itochu, Mitsui, Marubeni, Mitsubishi and Sumitomo shares have gained an average of 26% this year, raising the combined value of Berkshire’s holdings by US $ 1.6 billion or Rp 23.4 trillion.
Other Berkshire investments have also increased. Chevron, Suncor Energy, and Synchrony Financial shares are all up more than 20% this year. Meanwhile Wells Fargo, previously one of Berkshire’s biggest holdings, has gained 37%. The benchmark S&P 500 index is also up 5.8% this year.
However, Berkshire’s gains were partially offset by a recent exodus of technology stocks. Apple, which makes up more than 40% of Buffett’s US stock portfolio, has shed 7% this year. The decline has wiped out nearly US $ 8 billion or Rp 115.2 trillion from the value of Berkshire’s shares.
Berkshire has also taken a hit from Coca-Cola, losing an estimated $ 900 million worth of its shares today than it was in early January. The company also dropped around US $ 400 million or Rp 5.76 trillion for Snowflake and Verizon.
(aid/eds)
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