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May 16, 2022, 5:53 p.m. EDT

Berkshire Hathaway Exited Bristol Myers and AbbVie Stakes in 1Q

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By Josh Beckerman

Warren Buffett's Berkshire Hathaway Inc. eliminated its positions in Bristol Myers Squibb Co. and AbbVie Inc. in the first quarter, according to the firm's 13-F filing Monday.

Berkshire's increased stakes in Occidental Petroleum Corp. and Chevron Corp. were previously reported. It reduced its Verizon Communications Inc. position by 157.4 million shares to 1.4 million.

Write to Josh Beckerman at josh.beckerman@wsj.com

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