Buffett Makes Some Moves

According to the latest filings, Warren Buffett has made some changes to his massive portfolio which included trimming two stocks on our Buy List (FISV and BDX).

Berkshire sold off 5 million shares of Bank of America Corp., 187,000 Comcast Corp. shares, 6.5 million Lowe’s Cos. shares and 3.6 million shares of Nike Inc.

Berkshire also unloaded 1.9 million shares of Becton, Dickinson & Co., 3.9 million shares of Fiserv Inc., 6.1 million shares of Nalco Holding Co. and 3.4 million shares of Nestle.

And Berkshire reduced its stake in Bank of New York Mellon Corp. just three months after it revealed a new investment of nearly 2 million shares in the bank. At year end, Berkshire held 1.79 million shares of BNY Mellon.

Besides investments, Berkshire owns more than 80 different subsidiaries, including clothing, insurance, furniture, utility, jewelry and corporate jet companies.

Posted by on February 14th, 2011 at 10:11 pm


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