Warren Buffett's Berkshire Hathaway Inc. (BRKA)(BRKA) has trimmed its exposure to banks, including Goldman Sachs Group Inc. (GS) and U.S. Bancorp (USB), and sold out of insurer Travelers Cos. Inc. (TRV) and refiner Phillips 66 (PSX) according to a late Friday filing. Buffett said earlier this month he had sold off his large stakes in four U.S. air carriers for a lot less than he paid for them. Berkshire had been a major shareholder of American Airlines Group Inc. (AAL), Delta Air Lines Inc. (DAL), Southwest Airlines Co. (LUV) and United Airlines Holdings Inc. (UAL).
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 15, 2020 17:32 ET (21:32 GMT)
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