Berkshire Hathaway (BRK) Cuts JNJ Stake, Ups DIRECTV (DTV) Holdings

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February 15, 2012

New York, February 15 (FinanceEnquiry.com) - Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) reported Tuesday that it has increased its stake in DIRECTV (NASDAQ: DTV) by $738 million and reduced its stake in Johnson & Johnson (NYSE: JNJ) by $545 million. As of December 31, BRK owned 20,348,000 shares of DIRECTV at the end of the fourth-quarter, which was 379% higher than 4.2 million shares that it owned at the end of the third quarter. At Tuesday’s closing price, the total stake is worth $932.97 million, registering a rise of $738 million dollars due to the increased shares.

Berkshire has also decreased its holdings in JNJ by 8.4 million shares, or 23 percent, to 29,018,127 shares, bringing down the total value of the remaining stake to $1.87 billion after eliminating $544.6 worth of stock at Tuesday’s close. New holdings, comprising 2.7 million shares of DaVita worth $227 million at Tuesday’s close and 1.7 million shares of Liberty Media (Capital) worth $145 million, are seen in the 13-F filing with the Securities and Exchange Commission. Berkshire also reported that its Wells Fargo's holdings increased by 6 percent to 383,703,628 shares worth a total of $11.67 billion. Berkshire also owned 63,905,931 shares of IBM at the end of Q4. It has eliminated 421 thousand shares of ExxonMobil.

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