After More Than Two Decades, Warren Buffett Sells His Last Walmart Shares
This article is for subscribers only.
Warren Buffett has cut bait on Bentonville.
Buffett’s Berkshire Hathaway Inc. has sold its last Walmart Inc. shares, according to a filing Wednesday, ending a relationship that dates back more two decades. The world’s largest retailer was once one of Berkshire’s five biggest equity holdings as recently as 2014, valued at more than $5 billion, but Amazon.com Inc.’s encroachment since then has prompted Berkshire to pare down that stake. Walmart shares have risen 2.8 percent this year, compared with Amazon’s 37 percent boost.