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Tuesday, February 24, 2009
Berkshire Hathaway Shuffles Stakes
Warren Buffett's holding company,Berkshire Hathaway,has been rearranging its portfolio.It unloaded about 9.5 million shares of staples behemoth Procter and Gamble,or about 9% of its holding.It also jettisoned more than half of its Johnson and Johnson shares,selling approximately 33.1 million shares.Berkshire's Anheuser Busch holding was liquidated after Belgian firm InBev purchased the American brewer in November 2008.Constellation Energy Group and NRG Energy were positions that Berkshire augmented,while Nalco Holding Company,a water treatment,equipment and services firm,was the only totally new purchase,at 8.7 million shares.The rearrangement took place over Q4 2008.
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