Warren Buffett’s Berkshire Hathaway (BRK.A) – Get Report (BRK.B) – Get Report holding company took a stake in Barrick Gold Corp. (GOLD) – Get Report, while exiting or reducing holdings in shares of financial companies in the quarter ended July 1, according to a filing with the Securities and Exchange Commission Friday.
The filing showed Berkshire had acquired 16,073,701 shares of Barrick during the period. Shares rose $1.94, or 7.2%, to $28.93 in after-hours trading Friday.
Berkshire dumped its holdings in Goldman Sachs (GS) – Get Report, and reduced its holdings in JPMorgan Chase (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.
Berkshire added to an earlier stake in Store Capital Corp. (STOR) – Get Report and to its holdings in Kroger Co. (KR) – Get Report.
The filing also confirmed Buffett’s exit from all his holdings in airline stocks — United Airlines Holdings (UAL) – Get Report, Southwest Airlines Co. (LUV) – Get Report, American Airlines Group, Inc. (AAL) – Get Report and Delta Air Lines, Inc. (DAL) – Get Report— a move that the fabled investor announced at the company’s annual meeting earlier this spring.
Stocks in Buffett’s Berkshire Hathaway portfolio were mixed Friday.
Kroger shares rose 80 cents, or 2.31%, to $35.39.
M&T MTBK Bank shares rose $1.38, or 1.28%, to $109.21.
Among Buffett stocks underperforming Friday, StoneCo Ltd. (STNE) – Get Report shares fell 80 cents, or 1.63%, to $48.21.
VeriSign Inc. (VRSN) – Get Report shares fell $3.01, or 1.43%, to $207.29.
Berkshire Hathaway A shares fell $1863.00, or 0.59%, to $316,251.00.
Berkshire Hathaway B shares fell $1.02, or 0.48%, to $210.96.
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The broader markets ended mixed Friday with the Dow posting a modest gain, while the S&P 500 and Nasdaq slipped on weak economic data and the continued stalemate in Washington over stimulus spending.