Buffett's Berkshire Slashes Stake in Johnson & Johnson (JNJ), Picks Up More NRG Energy (NRG)
More News related to AXP
- Small Business Holiday Gift Budgets Hold Steady, but Fewer Plan Bonuses and Raises for Employees, According to the American Express(R) OPEN Small Business Holiday Monitor
- American Express Executives to Present at the Upcoming 2009 Bank of America Merrill Lynch Banking and Financial Services Conference and the Janney Montgomery Scott Electronic Payments Summit
- Highlights From V's Q4 Conference Call; CEO and CFO Comments on Current Trends and Outlook Through 2011
- American Express Clients Expect China to Lead Business Travel Recovery
- Notable Analyst Rating Changes 10/26: MSFT, SLB, AXP, NE Upgraded; FITB/STI/USB, PBI, HRB, HBC Downgraded
More News related to BAC
- Copano Energy to Present at the Bank of America/Merrill Lynch 2009 Energy Conference
- Bank of America Extends Nearly $184 Billion in Credit in Third Quarter
- Carriage Services Amends and Extends Credit Facility
- SmallCapSentinel.com: Exceeding Expectations
- Active equity option families in first 30 minutes of trading according to Track Data are: BAC CVS QCOM CSCO
More News related to BNI
- Buffett's Berkshire To Sell 9.6M Share Stake in Union Pacific (UNP) and 1.9M Share Stake In Norfolk Southern (NSC)
- Top 10 News Items 11/02-11/06: Unemployment Rate Now Over 10%, Fed to Keep Rates 'Exceptionally Low' for 'Extended Period', Buffett Does the Biggest Deal of His Life
- BNSF and BLET Reach Tentative Agreement
- S&P May Cut Buffett's Berkshire Hathaway (BRK.a) Rating By As Much As Two Notches
- BMO Capital Downgrades Burlington Northern Sante Fe (BNI) to Underperform
More News related to Insider Trades
- Morgan Stanley Upgrades CHU to Overweight, Downgrades CHL, CHA to Equal Weight
- Goldman Sachs Upgraded Questar Corp. (STR) to Buy
- Avondale Securities Upgrades J.B. Hunt Transport (JBHT) to Outperform
- BMO Capital Upgrades Suncor Energy (SU) to Outperform
- MF Global Upgrades ArcelorMittal (MT) to Buy
Warren Buffett's Berkshire Hathaway (NYSE: BRK.a) released its 13F for the quarter ended December 31, 2008 after the close. One of the most notable moves was cutting his stake in Johnson & Johnson (NYSE: JNJ) in half. JNJ has been a top performer, so he likely thinks the run is over. Buffett also cut his stakes in Procter & Gamble (NYSE: PG) and US Bancorp (NYSE: USB), among others. On the buy side, Buffett boosted his stakes in Ingersoll-Rand Co. Ltd. (NYSE: IR) and NRG Energy (NYSE: NRG) and showed a new stake in Nalco Holding (NYSE: NLC).
Below is a summary of Buffett's moves:
- Raised stake in Burlington Northern (NYSE: BNI) (already known through Form 4, Holds 76.8M shares)
- Raised stake in Eaton (NYSE: ETN) about 300K shares to 3.2M shares
- Raised stake in Ingersoll-Rand Co. Ltd. (NYSE: IR) 2.15M shares to 7.8M shares
- Raised stake in NRG Energy (NYSE: NRG) 2.2M shares to 7.2M shares
- New 8.7M share stake in Nalco Holding (NYSE: NLC)
- New 19.9M share stake in Constellation Energy (NYSE: CEG) (note Buffett's MidAmerican tried to buy the co.)
- Slashes Johnson & Johnson (NYSE: JNJ) 33.1M shares to 28.6M shares
- Trimmed stake in Procter & Gamble (NYSE: PG) 9.5M shares to 96.3M shares
- Trimmed stake in US Bancorp (NYSE: USB) 5.4M shares to 67.6M shares
- Trimmed stake in Carmax Inc. (NYSE: KMX) about 800K shares to 17.6M shares
- Trimmed stake in ConocoPhillips (NYSE: COP) about 4M shares to 79.9M shares
- Trimmed stake in United Health (NYSE: UNH) about 80K shares to 6.3M shares
- Trimmed stake in Wells Fargo (NYSE: WFC) about 163K shares to 290.2M shares
American Express (NYSE: AXP), Bank of America (NYSE: BAC), Coca Cola (NYSE: KO), Comcast (Nasdaq: CMCSA), Comdisco Holding (OTCBB: CDCO), Costco Wholesale (Nasdaq: COST), Gannett Co., Inc. (NYSE: GCI), General Electric (NYSE: GE), GlaxoSmithKline (NYSE: GSK), Home Depot (NYSE: HD), Iron Mountain Inc. (NYSE: IRM), Kraft Foods (NYSE: KFT), Lowe's Companies Inc. (NYSE: LOW), M&T Bank Corp. (NYSE: MTB), Moody's (NYSE: MCO), Nike Inc. (NYSE: NKE), Norfolk Southern (NYSE: NSC), Sanofi Aventis (NYSE: SNY), SunTrust Banks, Inc. (NYSE: STI), Torchmark Corp (NYSE: TMK), USG Corporation (NYSE: USG), Union Pacific (NYSE: UNP), United Parcel Service (NYSE: UPS), WABCO Holdings Inc. (NYSE: WBC), Wal-Mart (NYSE: WMT), Washington Post (NYSE: WPO), Wellpoint Inc. (NYSE: WLP), Wesco Financial Corp. (NYSE: WSC).
You can track more of Buffett's moves here
Related Categories
Insider TradesInsiders' Blog
Stocks Mentioned
+1.84
-0.25Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
