Berkshire buys Liberty Media stake, ups tech holdings

@CNNMoneyInvest February 14, 2012: 7:47 PM ET
Warren Buffett's Berkshire Hathaway acquired a new stake in entertainment conglomerate Liberty Media and also increased holdings of IBM, Intel and DirecTV.

Warren Buffett attends the grand re-opening of Jay-Z's 40/40 Club in New York last month.

NEW YORK (CNNMoney) -- Warren Buffett's Berkshire Hathaway has doubled down on its tech holdings while also acquiring new stakes in entertainment conglomerate Liberty Media and dialysis treatment provider Da Vita.

Berkshire now holds 1.7 million Liberty Media (LMCA) shares and 2.7 million Da Vita (DVA, Fortune 500) shares, according to documents filed Tuesday. Those stakes were worth roughly $133 million and $204 million, respectively, at the end of December.

The company also upped its stake in Wells Fargo (WFC, Fortune 500), now holding more than 7% of the banking giant, and sold its small stake in Exxon Mobil (XOM, Fortune 500).

Buffett's firm has traditionally avoided tech stocks, but in November, Berkshire surprised some observers by announcing new purchases of shares in Intel Corp (INTC, Fortune 500)., DirecTV (DTV, Fortune 500) and IBM (IBM, Fortune 500) during the third quarter. Berkshire bought more than 57 million shares of IBM alone, enough to make it one of the largest investors in the so-called Big Blue.

Berkshire (BRKA, Fortune 500) increased its holdings of all three firms last quarter, Tuesday's filing showed.

It now owns nearly 64 million IBM shares, while its Intel holdings increased by more than 2 million shares. Its DirecTV stake more than quadrupled, shooting up by nearly 16 million shares, and was worth $870 million at year's end.

Warren Buffett: Why stocks beat gold and bonds

Buffett's firm also reduced its stakes in Kraft Foods (KFT, Fortune 500) and Johnson & Johnson (JNJ, Fortune 500). Overall, Berkshire held $66.2 billion in common stock at the end of the fourth quarter, with almost all of it in U.S. companies

The stock holdings list does not include companies that Berkshire now owns in their entirety, such as insurer Geico or chemical company Lubrizol Corp. It also does not include preferred shares or warrants, such as the $5 billion of such holdings from Bank of America (BAC, Fortune 500) that Berkshire bought last yearTo top of page

Index Last Change % Change
Dow 32,627.97 -234.33 -0.71%
Nasdaq 13,215.24 99.07 0.76%
S&P 500 3,913.10 -2.36 -0.06%
Treasuries 1.73 0.00 0.12%
Data as of 6:29am ET
Company Price Change % Change
Ford Motor Co 8.29 0.05 0.61%
Advanced Micro Devic... 54.59 0.70 1.30%
Cisco Systems Inc 47.49 -2.44 -4.89%
General Electric Co 13.00 -0.16 -1.22%
Kraft Heinz Co 27.84 -2.20 -7.32%
Data as of 2:44pm ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.80%3.88%
15 yr fixed3.20%3.23%
5/1 ARM3.84%3.88%
30 yr refi3.82%3.93%
15 yr refi3.20%3.23%
Rate data provided
View rates in your area
Find personalized rates:

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.