Saturday, 30 July 2016
Last updated 1 day ago
Aug 15 2007 | 12:44pm ET
The Oracle of Omaha is apparently bullish on Rupert Murdoch—at least for now. Warren Buffet has upped Berkshire Hathaway’s stake in Dow Jones, while also adding to his positions in financial sector firms such as Bank of America, Wells Fargo and US Bankcorp.
According Berkshire Hathoway’s filing with the SEC yesterday, he has also upped his interest in Johnson & Johnson, Proctor & Gamble and Nike.
Meanwhile, Buffet seems to be over his love affair with H&R Block. Once the second-largest stockholder in tax preparation firm, Buffet has unloaded his remaining positions in the firm, according to the filing.
Additionally, Buffet has asked the SEC if it would waive the requirement for him to reveal his holdings in two railroad companies—Union Pacific and Norfolk Southern. Earlier this month, however, he did reveal that he snatched up 1.6 million shares of railroad company Burlington Northern Santa Fe, causing investors to speculate that he is bullish on railroads.