According to regulatory filings, Warren Buffet’s Berkshire Hathway sold off 84% of its stake in Goldman Sachs in the first quarter of 2020. The share price of Goldman Sachs had dropped nearly one-third during the same time period as the world reeled under the impact of the coronavirus. The company continues to stay on as majority shareholder in other financial firms such as Bank of America, American Express, Wells Fargo, and PNC Financial.

Berkshire Hathway had earlier invested in Goldman Sachs during the financial crisis of 2008. The company made a profit in excess of $3.5 billion when it redeemed the shares in 2011.

It was earlier disclosed that Berkshire Hathway had sold off in entirety its holding in various airline stocks.