Warren Buffett adds Tyco, reduces Pier 1 and Shaw Communications

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Nov 15, 2005
Warren Buffett's new holdings showed 30 million shares of Ameriprise Financial Inc (AMP, Financial), as reported in the 13F filings of Berkshire Hathaway (BRK-A). The market value of the 30 million shares of Ameriprise Financial Inc. was more than 1 billion dollars, as of Sept 30, 2005. Warren Buffett doubled his holdings in tyco International, Inc. (TYC, Financial) to 10 million shares. He first bought 5 million shares of Tyco during the second quarter. The price of Tyco drifted lower since then. He bought more shares to take the advantage of the price drop.