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Berkshire disclosed in a 13F with the SEC after the close of trading that it owned 9,922,000 shares of COF as of March 31, 2023.
The value of the position worth about $900 million based on Monday’s closing price of $89.12.
In addition to the new stake in COF, Berkshire added to its Apple Inc. (NASDAQ:AAPL), Bank of America Corp (NYSE:BAC), and Citigroup Inc. (NYSE:C) stakes, among others.
Apple is by far Berkshire’s largest public holding, worth over $157 billion as of Monday’s closing price.
The firm also lowered its stake in Chevron Corp. (NYSE:CVX) by about 19% to 132M shares. Its General Motors Company (NYSE:GM) position was also trimmed, among others.
The firm liquidated stakes in Bank of New York Mellon (NYSE:BK), RH (NYSE:RH), Taiwan Semiconductor Manufacturing (NYSE:TSM), and UBS Group AG (NYSE:UBS).