Thursday, November 29, 2012

Berkshire Adds National Oilwell, Phillips 66; Sells Most of J&J Stake

Berkshire Hathaway (BRKB) added two new positions in the second quarter, according to an SEC filing detailing the company’s holdings.

Berkshire added about 27 million shares of refiner Phillips 66 (PSX) and 2.8 million shares of drilling equipment company National Oilwell Varco (NOV) by the end of the quarter, according to the filing. Berkshire received Phillips shares as part of its spinoff from ConocoPhillips (COP), which Berkshire has held for years.

Berkshire also liquidated its entire position in Intel (INTC) and sold 64% of its Johnson & Johnson (JNJ) stake, according to InsiderScore.com. We detailed Berkshire’s tech holdings here.

No comments:

Post a Comment