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Buffett Takes Barrick Gold Stake, Dumps Goldman Sachs, Occidental Petroleum

Warren Buffett’s latest SEC filing shows Berkshire Hathaway also trimmed stakes in Wells Fargo and JPMorgan as well.
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Warren Buffett’s Berkshire Hathaway  (BRK.A)  undefined holding company took a stake in Barrick Gold Corp.  (GOLD) , while exiting or reducing holdings in shares of financial companies in the quarter ended July 1, according to a filing with the Securities and Exchange Commission Friday.

The filing showed Berkshire had acquired 16,073,701 shares of Barrick during the period. Shares rose $1.94, or 7.2%, to $28.93 in after-hours trading Friday.

Berkshire dumped its holdings in Goldman Sachs  (GS) , and reduced its holdings in JPMorgan Chase  (JPM) by 60% and in Wells Fargo  (WFC) by 26%, according to the filing.

Buffett also exited a position in Restaurant Brands Intl.  (QSR)  and exited its holdings in Occidental Petroleum  (OXY) .

Berkshire added to an earlier stake in Store Capital Corp.  (STOR) and to its holdings in Kroger Co.  (KR) .

The filing also confirmed Buffett’s exit from all his holdings in airline stocks -- United Airlines Holdings  (UAL) , Southwest Airlines Co.  (LUV) , American Airlines Group, Inc.  (AAL) and Delta Air Lines, Inc.  (DAL) -- a move that the fabled investor announced at the company’s annual meeting earlier this spring.

Stocks in Buffett's Berkshire Hathaway portfolio were mixed Friday.

Kroger shares rose 80 cents, or 2.31%, to $35.39.

M&T MTBK Bank shares rose $1.38, or 1.28%, to $109.21.

Among Buffett stocks underperforming Friday, StoneCo Ltd.  (STNE)  shares fell 80 cents, or 1.63%, to $48.21.

VeriSign Inc.  (VRSN)  shares fell $3.01, or 1.43%, to $207.29.

Berkshire Hathaway A shares fell $1863.00, or 0.59%, to $316,251.00.

Berkshire Hathaway B shares fell $1.02, or 0.48%, to $210.96.

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The broader markets ended mixed Friday with the Dow posting a modest gain, while the S&P 500 and Nasdaq slipped on weak economic data and the continued stalemate in Washington over stimulus spending.