Buffett has reduced positions in Goldman Sachs and Wal-Mart and increased in IBM


Moscow. November 17. Berkshire Hathaway Inc., investment company of U.S. billionaire Warren Buffett, has reduced stake in Goldman Sachs and Wal-Mart Stores in the third quarter of 2015, increasing the share of IBM, writes the newspaper the Wall Street Journal.

So Berkshire sold in July and September to 1.67 million shares of Goldman Sachs and 4.2 million shares of Wal-Mart. At September 30, remaining share of investment in Goldman Sachs was estimated at $1.9 billion, Wal-Mart – $3,64 billion.

According to Buffett, Berkshire has sold some of the shares, including shares in Goldman Sachs and Wal-Mart to raise funds to Finance announced in August the deal to buy the manufacturer of equipment for the aerospace and energy industries Precision Castparts for $32 billion.

The investment company in the third quarter bought 1.5 million shares of IBM, taking advantage of the impairment. Currently, Berkshire owns 81 million shares of IBM, estimated at $11,75 billion of IBM Stock since the beginning of 2015 fell by 18%.

Other major share of Berkshire companies, including American Express, Coca-Cola and Wells Fargo, remained unchanged in the last quarter. Berkshire’s position in these three companies and IBM valued at $63 billion and account for a considerable share of its investment portfolio larger than $100 billion.

The investment company Buffett also owns shares in Kraft Heinz, estimated at about $23 billion.

Among the new assets introduced in the portfolio of Berkshire in the third quarter of this year, AT&T shares in the amount of $1,93 billion

Meanwhile, Soros Fund Management, founded by famous investor and billionaire George Soros in the last quarter acquired the shares Amazon.com and Netflix, as well as increased its stake in EBay.

The Fund sold their shares to Valeant Pharmaceuticals International, Yahoo and Herbalife

In addition, Soros Fund reduced its stake in Facebook.

Another well-known investor Carl Aikan – revealed details about the purchase of shares in companies PayPal and Freeport-McMoRan over the past quarter. The investor acquired a 3.8% stake in PayPal, which are estimated at $1.4 billion.

The proportion of Ikana to Freeport-McMoRan at the end of the third quarter amounted to 8.7% and was estimated at $969 million.