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Monday, August 16, 2010

Berkshire Doubles J&J Stake; Soros Fund Drops 42%

Berkshire's quarterly disclosure of its $46.4 billion U.S. equity portfolio shows the company's holdings as of June 30. Berkshire's stakes in American Express Co., Coca-Cola Co. and Wells Fargo & Co. remained unchanged. Mr. Buffett's firm is the largest shareholder in each.
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Soros Fund Management reduced its positions in AT&T Inc. and J.P. Morgan Chase & Co., selling 4.1 million shares and 2.5 million shares of the firms, respectively. Mr. Soros's stake in AT&T is now at $12.2 million, and J.P. Morgan at $3.9 million.
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