Buffett's company discloses new Verizon investment
OMAHA, Neb. (AP) _ Warren Buffett's company has disclosed a new investment of 11 million shares in Verizon Communications Inc. and made several other changes in its $106 billion portfolio of U.S. stocks.
Berkshire Hathaway Inc. revealed the changes in its stock holdings in documents filed with the Securities and Exchange Commission on Thursday.
Among other changes, Berkshire increased its holdings in MasterCard and Liberty Global, and it sold some of its shares in General Motors and DirecTV.
Many investors watch the quarterly filings closely because they like to copy moves Buffett makes because of his successful record. But most of the latest changes were likely made by Berkshire's two other investment managers.
Besides investments, Berkshire owns more than 80 subsidiaries in a variety of industries, including insurance, utilities, railroads, retail and manufacturing.
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