Berkshire Hathaway Lowers Investment in Goldman Sachs

November 16, 2015 by Katherine Chiglinsky and Sonali Basak

Warren Buffett’s Berkshire Hathaway Inc. reduced its investment in Goldman Sachs Group Inc. by 13 percent during the third quarter.

The billionaire investor’s Omaha, Nebraska-based firm said it owned almost 11 million shares at the end of September, the company said Monday in a regulatory filing. That compared with 12.6 million shares in June.
Berkshire also said it owned 59.3 million shares of AT&T Inc. Berkshire owned 31.4 million shares of DirecTV in the previous period. AT&T completed its deal to purchase DirecTV in July, in a transaction that gave DirecTV investors AT&T stock and cash in exchange for their shares.

Originally Posted at Insurance Journal on November 16, 2015 by Katherine Chiglinsky and Sonali Basak.