Buffett’s Big Pharma Bets for Pandemic Recovery

Legendary investor Warren Buffett has bet billions on four large pharmaceutical companies amid the pandemic.
Buffett’s company Berkshire Hathaway Inc. (NYSE: BRK-A & BRK-B) quarterly filings revealed several new positions.
The most notable was a new stake worth $136 million in drugmaker Pfizer Inc. (NYSE: PFE), which revealed last week its vaccine candidate was 90% effective against the COVID-19 virus.
Other positions include AbbVie Inc. (NYSE: ABBV), Bristol-Myers Squibb Company (NYSE: BMY), and Merck & Co., Inc. (NYSE: MRK). Buffett put about $1.8 billion into each of those companies.
Don’t look for Buffett to sell these shares anytime soon. His favorite investment period is forever.
But since the pandemic began, he’s altered his strategy — including dumping all his airline stocks near the beginning of the outbreak. Some, including President Trump, criticized this move.
Here a few other notable transactions from the disclosure:
- Sold 36 million shares of Apple Inc. (NASDAQ: AAPL), about 4% of total shares. This is still the portfolio’s large position.
- Bought shares of T-Mobile US, Inc. (NASDAQ: TMUS).
- Sold some of his positions in banks Wells Fargo & Company (NYSE: WFC) and JPMorgan Chase & Co. (NYSE: JPM).
- Added more Bank of America Corporation (NYSE: BAC) to an existing position.
- Sold all shares of Costco Wholesale Corporation (NASDAQ: COST) after holding for a decade.
Posts contain affiliate links. Timothysykes.com may get compensated for affiliate posts and purchases through links
Hey Everyone,
As many of you already know I grew up in a middle class family and didn't have many luxuries. But through trading I was able to change my circumstances --not just for me -- but for my parents as well. I now want to help you and thousands of other people from all around the world achieve similar results!
Which is why I've launched my Trading Challenge. I’m extremely determined to create a millionaire trader out of one my students and hopefully it will be you.
So when you get a chance make sure you check it out.
PS: Don’t forget to check out my 30 Day Bootcamp, it will teach you everything you need to know about trading.