Buffett's Berkshire Hathaway slashes IBM stake

Fairfax Vs. Berkshire Hathaway

Fairfax Vs. Berkshire Hathaway

Funds of a certain size are required to disclose their long equity holdings in these regulatory filings. For most companies, there seems to be no greater endorsement in all whale-watching activities than to have a new stake held by Warren Buffett and Berkshire Hathaway. The position was last valued at over $1.06 billion. They come out 45 days after the end of each quarter.

American Express Company (NYSE: AXP) was the same 151.6 million shares, valued at roughly $13.7 billion.

During the quarter, Berkshire also boosted its stake in Apple Inc 3 percent to 134.1 million shares worth $20.7 billion, and became Bank of America Corp's largest shareholder by exercising warrants for 700 million shares.

The Kraft Heinz Company (NASDAQ: KHC) is also a continued massive holding that is outside of the normal book-keeping in the largest stock holdings.

Wells Fargo was trimmed by just over 3.75 million shares. Berkshire now owns 26.7% of the outstanding shares of Kraft Heinz common stock, with a carrying value of approximately $15.7 billion at the end of September.

Berkshire reduced its IBM stake 32 percent in the third quarter to about 37 million shares from 54.1 million shares, according to a quarterly regulatory filing on Tuesday detailing Berkshire's USA -listed stock holdings. In the first nine months of 2016, Berkshire Hathaway also received dividends of $180 million from its preferred stock investment, which Kraft Heinz redeemed for cash of $8.32 billion on June 7, 2016.

Buffett cut the Charter Communications stake by about 10%, selling 954,100 shares in the quarter.

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