José Luis de Haro /
8:27 – 16/08/2014
Warren Buffett. Photo: File
The billionaire Oracle of Omaha, Warren Buffett, seems to be interested in the business of cable television, at a time that the consolidation of the industr is more than evident. According to filings with the Securities and Exchange Commission of the United States (SEC, for its acronym in English), Berk-shire Hathaway had in its portfolio with a total of 2.3 million shares of the cable operator Charter Communications, based in Stamford, Connecticut, at the end of the second quarter.
A new investment than those that emulate the strategy followed closely Buffett. However, as could be deduced from the document submitted to the SEC, these investments are not only made at the request of billionaire investor, since those interests involving an outlay below $ 300 million are usually made by investment managers Berkshire.
That said, in the routine quarterly report filed with the bank regulators, could be seen some interesting changes in the equity portfolio of Berkshire Hathaway. The Oracle of Omaha and his strategists chose to increase its stake in companies like General Motors, USG Corp, Visa Inc, Suncor Energy, Wal-Mart Stores, IBM Corp and VeriSign.
In fact, almost 13 million shares that Berkshire has to offer to the VeriSign Buffett entity a share of around 10 per cent stake in the management company web domains. However, Berk-shire also took the months of April through June to reduce or dispose of positions in some of his previous bets. So, Buffett cut its investment in Chicago Bridge & amp; Iron 1.1 million shares, holding a total of 10.7 million portfolio securities.
For his part, was surprised that Berkshire, based in Omaha, Nebraska, to sell part of its stake in Direct TV, holding a total of 23.5 million shares from 34.5 million shares registered end of the first quarter.
The company also reduced its exposure in ConocoPhillips, Liberty Media Corp and National Oilwell while completely eliminated its investment in Starz Inc.
This week of August, Berkshire investors were in luck, after the Class A shares of the company reached the historic mark of $ 200,000.
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