Warren Buffett’s Berkshire Hathaway sells majority of stake in Goldman Sachs
Jazmin Goodwin
CNN, 16 May 2020
Warren Buffett’s Berkshire Hathaway (BRKA) sold off 84% of its stake in Goldman Sachs (GS) during the first quarter, according to a regulatory filing.
The conglomerate slashed its holdings in the investment bank to 1.9 million shares from 12 million shares, according to SEC filings released Friday. Goldman Sachs’s share price plunged by almost a third during the first quarter as the novel coronavirus swept the nation.
