Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) stock moves for the first quarter are out.

According to a regulatory 13-F filing for the first quarter ended March 31, Berkshire trimmed its stake in Goldman Sachs (GS) in the quarter, selling around 10 million shares to last hold 1.92 million shares. Berkshire also slightly reduced its position in JPMorgan Chase (JPM), selling 1.8 million shares, to last hold 57.7 million shares. 

Elsewhere, Berkshire exited its stakes in Travelers (TRV), selling 312,379 shares, and Phillips 66 (PSX), selling 227,436 shares.

During the first quarter, Buffett was a net seller of equities during the first quarter as the COVID-19 pandemic wreaked havoc on the economy. Meanwhile, Berkshire’s massive cash pile grew to $137.263 billion, up from $127.997 billion, but Buffett said Berkshire hasn’t acted “because we don’t see anything that attractive to do. That could change very quickly or it may not change,” Buffett said during Berkshire’s annual shareholders’ meeting in early May.

During the annual meeting, Buffett also confirmed that after the first quarter Berkshire sold all of its stakes in airlines, including American Airlines (AAL), Delta (DAL), United Continental Holdings (UAL), and Southwest Airlines (LUV).

“I wouldn’t normally talk about it, but I think it requires an explanation,” he said on Saturday. “We were not disappointed at all in the businesses that were being run and the management, but we did come to a different opinion on it,” he said at the time.

Because of the COVID-19 pandemic, airlines are among the industries being hurt by an exogenous shock “far beyond their control,” Buffett said. He later added that if Berkshire owned airlines now, “it would be a tough decision to decide whether to sustain billions of dollars in operating losses when you don’t know how long it’s going to happen or occur.”

Julia La Roche is a Correspondent at Yahoo Finance. Follow her on Twitter

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