Berkshire Hathaway Buys Apple, Bank of New York Mellon, Southwest Airlines, Sells IBM, Delta Air Lines, Twenty-First Century Fox

Warren Buffett (Trades, Portfolio)’s investment company Berkshire Hathaway has just reported its first quarter portfolio. The portfolio managers at Berkshire Hathaway, including Buffett himself and his successors Ted Weschler and Todd Combs, bought Apple Inc, Bank of New York Mellon Corp, Southwest Airlines Co, American Airlines Group Inc, Sirius XM Holdings Inc, Liberty SiriusXM Group, and sold International Business Machines Corp, Delta Air Lines Inc, Twenty-First Century Fox Inc, WABCO Holdings Inc during the 3-months ended 2017-03-31. As of 2017-03-31, Berkshire Hathaway owns 46 stocks with a total value of $161.9 billion. These are the details of the buys and sells.

• Added Positions: AAPL, BK, LUV, AAL, SIRI, LSXMA,
• Reduced Positions: IBM, DAL, WBC,
• Sold Out: FOXA,

For the details of Warren Buffett (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Warren+Buffett

These are the top 5 holdings of Warren Buffett (Trades, Portfolio)

1. The Kraft Heinz Co (KHC) - 325,634,818 shares, 18.27% of the total portfolio.
2. Wells Fargo & Co (WFC) - 479,704,270 shares, 16.49% of the total portfolio.
3. Apple Inc (AAPL) - 129,357,106 shares, 11.48% of the total portfolio. Shares added by 125.52%
4. Coca-Cola Co (KO) - 400,000,000 shares, 10.49% of the total portfolio.
5. American Express Co (AXP) - 151,610,700 shares, 7.41% of the total portfolio.

Sold Out: Twenty-First Century Fox Inc (FOXA, Financial)

Warren Buffett (Trades, Portfolio) sold out his holdings in Twenty-First Century Fox Inc. His sale prices were between $28.72 and $32.44, with an estimated average price of $30.56.

Added: Apple Inc (AAPL, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Apple Inc by 125.52%. His purchase prices were between $115.82 and $144.12, with an estimated average price of $131.33. The stock is now traded at around $155.30. The impact to his portfolio due to this purchase was 6.39%. His holdings were 129,357,106 shares as of 2017-03-31.

Added: Bank of New York Mellon Corp (BK, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Bank of New York Mellon Corp by 52.33%. His purchase prices were between $43.87 and $48.71, with an estimated average price of $46.77. The stock is now traded at around $47.15. The impact to his portfolio due to this purchase was 0.33%. His holdings were 33,012,059 shares as of 2017-03-31.

Added: Southwest Airlines Co (LUV, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Southwest Airlines Co by 10.31%. His purchase prices were between $49.46 and $58.88, with an estimated average price of $53.78. The stock is now traded at around $58.20. The impact to his portfolio due to this purchase was 0.15%. His holdings were 47,659,456 shares as of 2017-03-31.

Added: American Airlines Group Inc (AAL, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in American Airlines Group Inc by 8.20%. His purchase prices were between $40.35 and $49.59, with an estimated average price of $45.24. The stock is now traded at around $46.87. The impact to his portfolio due to this purchase was 0.1%. His holdings were 49,278,854 shares as of 2017-03-31.

Added: Sirius XM Holdings Inc (SIRI, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Sirius XM Holdings Inc by 3.41%. His purchase prices were between $4.44 and $5.44, with an estimated average price of $4.92. The stock is now traded at around $4.80. The impact to his portfolio due to this purchase was 0.02%. His holdings were 172,325,353 shares as of 2017-03-31.

Added: Liberty SiriusXM Group (LSXMA, Financial)

Warren Buffett (Trades, Portfolio) added to his holdings in Liberty SiriusXM Group by 1.88%. His purchase prices were between $34.5 and $39.83, with an estimated average price of $37.4. The stock is now traded at around $36.72. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 10,247,800 shares as of 2017-03-31.

Reduced: International Business Machines Corp (IBM, Financial)

Warren Buffett (Trades, Portfolio) reduced to his holdings in International Business Machines Corp by 20.52%. His sale prices were between $165.52 and $181.95, with an estimated average price of $175.39. The stock is now traded at around $153.76. The impact to his portfolio due to this sale was -1.87%. Warren Buffett (Trades, Portfolio) still held 64,561,955 shares as of 2017-03-31.

Reduced: Delta Air Lines Inc (DAL, Financial)

Warren Buffett (Trades, Portfolio) reduced to his holdings in Delta Air Lines Inc by 8.33%. His sale prices were between $45.52 and $51.44, with an estimated average price of $48.9. The stock is now traded at around $49.25. The impact to his portfolio due to this sale was -0.17%. Warren Buffett (Trades, Portfolio) still held 55,025,995 shares as of 2017-03-31.

Reduced: WABCO Holdings Inc (WBC, Financial)

Warren Buffett (Trades, Portfolio) reduced to his holdings in WABCO Holdings Inc by 13.65%. His sale prices were between $104.21 and $117.7, with an estimated average price of $112.56. The stock is now traded at around $117.79. The impact to his portfolio due to this sale was -0.03%. Warren Buffett (Trades, Portfolio) still held 2,908,554 shares as of 2017-03-31.