Correction: Berkshire Hathaway Investments

Published on NewsOK Modified: August 15, 2014 at 2:46 pm •  Published: August 15, 2014
Advertisement
;

OMAHA, Neb. (AP) — In a story Aug. 14 about changes to Berkshire Hathaway's stock portfolio, The Associated Press reported erroneously the company had reduced its stake in engineering and construction firm Chicago Bridge & Iron Co. by 1.1 million shares. Berkshire Hathaway has increased its position in Chicago Bridge & Iron by 1.2 million shares.

A corrected version of the story is below:

Buffett's firm invests in Charter Communications

Buffett's Berkshire Hathaway reveals stake in Charter Communications, tweaks several holdings

By JOSH FUNK

AP Business Writer

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio.

Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.

Berkshire said it owned 2.3 million shares of cable television provider Charter, which is based in Stamford, Connecticut, at the end of June.

Many investors like to copy Buffett's moves because of his remarkably successful record. But Berkshire's combined filing includes investments made by two other executives at the company, so it's not always clear whether Buffett made the decisions.

Berkshire officials don't routinely comment on these quarterly stock filings, and they didn't immediately respond to a request Thursday.

Buffett has said investments smaller than $300 million are likely to be the work of Berkshire's investment managers.

During the second quarter, Berkshire added to its holdings in General Motors Co., VeriSign Inc., USG Corp., Visa Inc., Suncor Energy Inc., Wal-Mart Stores Inc. and IBM Corp.

Continue reading this story on the...