Buffett's Berkshire ups Wal-Mart stake
Investor's company almost doubles shares in discount retailer to 37.8 million in third quarter, and adds new stakes in Nestle, Exxon Mobil and Republic Services.
301 Moved Permanently
NEW YORK (CNNMoney.com) -- Investor guru Warren Buffett almost doubled his stake in Wal-Mart, adding 18 million shares in the discount retailer in the third quarter of 2009.
According to filings with the Securities and Exchange Commission, Buffett's Berkshire Hathaway (BRK.A) held 19.9 million shares of Wal-Mart (WMT, Fortune 500) at the end of the second quarter, and now holds 37.8 million shares.
Buffett's investing company picked up 3.6 million shares of waste collection company Republic Services Inc. (RSG), 3.4 million shares of Nestle (NSRG.Y), 1.3 million shares of Exxon Mobil (XOM, Fortune 500), and 27,336 shares of insurer Travelers Co (TRV, Fortune 500). Berkshire Hathaway did not hold any shares of the companies in the second quarter.
Buffett also sold off 8.8 million shares of investors services company Moody's (MCO) and 7.1 million shares of energy producer ConocoPhillips (COP, Fortune 500). But he still holds 39.2 million and 57.4 million shares of the companies, respectively.