Warren Buffett’s Berkshire Hathaway bought a stake in financial services firm Fiserv Inc. and nearly doubled its position in Johnson & Johnson during the second quarter.
Berkshire revealed its stock positions as of June 30 in a regulatory filing this afternoon with the SEC.
Fiserv is the only new name added to the list since the March 31 filing. Berkshire owned 4.4 million shares in the company as of June 30, a stake now worth about $220 million.
Fiserv, which is based in Wisconsin, provides financial services to the banking and insurance industries including transaction processing and outsourcing. The stock is also held by Glenn Greenberg, George Soros and David Dreman, according to Guru Focus data.
Berkshire’s biggest equity buy during the second quarter was in Johnson & Johnson, whose stock has suffered in the face of product recalls and quality-control issues.
We speculated recently that JNJ’s short-term troubles and long-term brand strength may attract Buffett, who previously had been trimming the JNJ stake.
Berkshire added about 17.4 million shares of JNJ during the second quarter, boosting its stake by about 73 percent. Berkshire’s stake in JNJ as of June 30 is now worth about $2.4 billion, making it one of the firm’s bigger stock holdings.
Berkshire’s other stock moves during the second quarter were more modest. It added slightly to its positions in Becton Dickinson, Nalco Holding, Iron Mountain and Sanofi Aventis. It reduced its stake modestly in Kraft Foods, ConocoPhillips, M&T Bank and Procter & Gamble.
Click here for the specific data on Berkshire’s stock moves during the second quarter.
Berkshire revealed its stock positions as of June 30 in a regulatory filing this afternoon with the SEC.
Fiserv is the only new name added to the list since the March 31 filing. Berkshire owned 4.4 million shares in the company as of June 30, a stake now worth about $220 million.
Fiserv, which is based in Wisconsin, provides financial services to the banking and insurance industries including transaction processing and outsourcing. The stock is also held by Glenn Greenberg, George Soros and David Dreman, according to Guru Focus data.
Berkshire’s biggest equity buy during the second quarter was in Johnson & Johnson, whose stock has suffered in the face of product recalls and quality-control issues.
We speculated recently that JNJ’s short-term troubles and long-term brand strength may attract Buffett, who previously had been trimming the JNJ stake.
Berkshire added about 17.4 million shares of JNJ during the second quarter, boosting its stake by about 73 percent. Berkshire’s stake in JNJ as of June 30 is now worth about $2.4 billion, making it one of the firm’s bigger stock holdings.
Berkshire’s other stock moves during the second quarter were more modest. It added slightly to its positions in Becton Dickinson, Nalco Holding, Iron Mountain and Sanofi Aventis. It reduced its stake modestly in Kraft Foods, ConocoPhillips, M&T Bank and Procter & Gamble.
Click here for the specific data on Berkshire’s stock moves during the second quarter.
