Warren Buffett joins Chevron and Verizon

Warren Buffett

The star investor doubles its stake in the telecommunications subsidiary T-Mobile US.

(Photo: AP)

Denver The secret is out: Star investor Warren Buffett has major positions in Chevron and Verizon built, as emerged from a mandatory notification to the US Securities and Exchange Commission on Tuesday after the market closed. Buffett’s Berkshire Hathaway conglomerate had already bought shares in the corporations since the fall, but this was disclosed in a separate process only to the SEC and not to the general public.

One thing is clear: Berkshire held a $ 8.6 billion stake in wireless operator Verizon at the end of December, and $ 4.1 billion in Chevron oil company.

Buffett manages the approximately $ 250 billion portfolio together with his investment bosses Ted Weschler and Todd Combs, who have taken on more and more responsibility in recent years.

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