Warren Buffett Trims Activision Blizzard, Adds Capital One In Q1: What Investors Need To Know

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B)’s 13F filing Monday shows the legendary investor’s bullish bets on several stocks, including Ally Financial Inc ALLY, and Amazon.com Inc AMZN.

Berkshire cut its stake in Activision Blizzard Inc ATVI by 6.2% in the first quarter, taking its total holdings to 49.4 million shares with a market value of approximately $4.2 billion. The move comes amid Microsoft Corporation's MSFT heavily scrutinized pending takeover deal for the gaming developer.

Berkshire maintained its bullish stance on Apple Inc AAPL, increasing its holdings by 2% with an additional 20,424,207 shares, taking the total shares to 915,560,382.

This makes Apple the largest holding in Berkshire’s portfolio, accounting for 46.44% of the total, up from the previous 38.9%. The estimated average price paid per share was $40.06, with the quarter-end price at $164.90.

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On financials, Bank of America Corp. BAC, American Express Co AXP, and Moody’s Corp MCO remained key players in Berkshire’s portfolio.

The company increased its stake in Bank of America by 2% to 1,032,852,006 shares, representing 9.09% of the total portfolio. There was no change in the holdings of American Express and Moody’s Corporation, which accounted for 7.69% and 2.32% of the portfolio, respectively.

In the Energy sector, Chevron Corporation CVX and Occidental Petroleum Corporation OXY stood out.

Despite reducing its stake in Chevron by 18%, it still represented 6.65% of the portfolio. Berkshire increased its holdings in Occidental Petroleum by 8%, making it 4.07% of the total portfolio.

Berkshire Hathaway also introduced a new stake, purchasing 9,922,000 shares in Capital One Financial Corporation COF.

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