Warren Buffett's investment firm Berkshire Hathaway has revealed it owns new stakes in Nestle and Exxon Mobil.
In a filing to the US Securities and Exchange Commission, Berkshire Hathaway says it holds 3.4 million American depositary receipts of Nestle, worth $144.7m. In addition, the firm owns 1.28 million shares in oil giant Exxon Mobil, valued at $87.6m. Berkshire Hathaway has also nearly doubled its stake in Wal-Mart, the world's biggest retailer. The new holdings in Nestle and Exxon come as the US billionaire's investment firm reduces its stakes in ratings agency Moody's and oil company ConocoPhillips.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
