Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -1.44% BRK.B, -1.47% acquired a new position in software maker Red Hat Inc. RHT, +0.02% and reduced its position in Apple Inc. at the end of December, according to 13F filings with the Securities and Exchange Commission that were released Thursday afternoon. Berkshire acquired 4.175 million shares of Red Hat worth $733 million, according to filings. The investment company also picked up new stakes in Suncor Energy SU, +0.65% purchasing 10.75 million shares, and bought a stake in StoneCo Ltd., described as the PayPal of Brazil by some, adding 14.16 million shares, filings show. Meanwhile, the influential investor shed 2.89 million shares of Apple AAPL, +0.36% reducing his position in the iPhone maker by about 1%, according to filings. The investment company maintains 249,589,329 million shares of Apple worth about $39.4 billion, making up 21.5% of Berkshire’s holdings, down from 25.8%, according to data from WhaleWisdom. Meanwhile, Buffett’s firm slashed his stake in Phillips 66 PSX, -0.49% reducing it by 22%, or 3.5 million shares, and cutting his holdings in the parent company of United Airlines UAL, -0.49% by 15%, or by about 4 million shares. Berkshire also notably unloaded its entire stake in Oracle Corp. ORCL, +0.12% a little over 41 million shares, the 13F filing shows. Large investors must disclose long stock positions held at the end of a quarter 45 days later in a 13F filing with the SEC, which means such filings are merely a snapshot of an investor holdings at a given point. Berkshire Class A and B shares are down by about 0.7% so far in 2019, compared with a 9.1% year-to-date gain for the Dow Jones Industrial Average DJIA, -0.41% and a 9.5% gain for the S&P 500 index SPX, -0.27% thus far in 2018, according to FactSet data. The technology-laden Nasdaq Composite Index COMP, +0.09% has gained 11.9% so far this year.
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