Berkshire revealed in a regulatory filing Monday that it had also bought additional stock of several companies it already owns, including General Motors, increasing its stake by 22% to 50 million shares, Twenty-First Century Fox by 44% to nearly 9 million shares, and IBM by 2%.
Berkshire disclosed last month that it lost $2 billion on its IBM investment and increased the number of shares it held in its portfolio by 25%. One of Buffett’s major buys: 59 million shares of AT&T.
Buffett did sell some stocks, most notably trimming his stake in Goldman Sachs (GS) and Wal-Mart (WMT).
Berkshire had about 11 million shares of Goldman Sachs as of Sept. 30, compared with 12.6 million three months earlier, according to a filing Monday disclosing holdings as of the end of the third quarter. The stake in Wal-Mart dropped to 56.2 million shares from 60.4 million.
The value of Berkshire’s holdings increased 19% to $127 billion, as many of those shares declined. Overall the S&P 500 lost about 7% of its value during the quarter.
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