Warren Buffett’s Latest Stock Moves,Berkshire Hathaway’s SEC Filing

In the second quarter, Berkshire Hathaway (BRK.A) – Get Report (BRK.B) – Get Report made a number of changes to its portfolio, according to a filing with the Securities and Exchange Commission Friday. The conglomerate, helmed by billionaire investor Warren Buffett, sold some bank positions while it added a position in a gold mining company.

Berkshire Hathaway dumped its holdings in Goldman Sachs (GS) – Get Report, and reduced its holdings in (JPM) – Get Report by 60% and in Wells Fargo (WFC) – Get Report by 26%, according to the filing.

Buffett also exited a position in Restaurant Brands Intl. (QSR) – Get Report and exited its holdings in Occidental Petroleum (OXY) – Get Report.

The filing also confirmed earlier headlines that Buffett sold Berkshire’s entire stake in airlines, worth about $4 billion.

“It turned out I was wrong about that business because of something that was not in any way the fault of four excellent CEOs. Believe me. No joy of being a CEO of an airline,” said Buffett on the decision.

However, Berkshire Hathaway added $562 million position in gold mining stock Barrick Gold; the stock is soaring more than 10% on the news.

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