Buffetts Opens Stake in Charter Communications

Berkshire Hathaway and Warren Buffett have taken out a new position in Charter Communications and have purchased 2.3 million shares that are worth $365 million back at the end of June.

The shares are doing well since Buffett has opened up the position.

Based on the latest 13 F filing with the SEC, we’ve also noticed that Buffett has substantially added to his position in Verizon, and purchased 4 million shares. Berkshire Hathaway now owns more than 15 million shares of the company, and its worth around $733 million.

The 13 F requires that positions are disclosed within 45 days once a quarter ends, so the latest 13 F represents shares that were purchased on June 30.

At the same time, Buffett sold all of his shares of Starz, but still has 4 million shares of Liberty Media, the Starz parent company.

Other notable Buffett moves… He sold 9.7 million shares of Conoco Phillips, and sold 11 million shares of DirecTV.

Some of the more popular Berkshire Hathaway portfolio positions remained unchanged. They still own 463 million shares of Wells Fargo, and that position is worth about $24.3 billion. The company also continues to own 400 million shares of Coca-Cola, and the stake and that company is $16.9 billion.

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