Berkshire Hathaway slashed the bulk of its holdings in Goldman Sachs during the first quarter, reflecting a coda of sorts to an investment born of the financial crisis
Warren Buffett’s Berkshire Hathaway Inc. slashed the bulk of its holdings in Goldman Sachs Group Inc. during the first quarter, the conglomerate said Friday in a securities filing.
The sale reflects a coda of sorts to an investment born of the financial crisis, when Berkshire in 2008 plowed $5 billion into the bank to help secure its future during a period of existential uncertainty on Wall Street. Berkshire and Goldman redrew the terms of the deal five years later.
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