Berkshire Hathaway Loads Up On Financial Stocks

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.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of