Warren Buffett’s Berkshire Hathaway (BRK.A) - Get BRK.A Report (BRK.B) - Get Berkshire Hathaway Inc. Class B Report holding company took a stake in Barrick Gold Corp. (GOLD) - Get Barrick Gold Corporation Report, 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) - Get Goldman Sachs Group, Inc. (GS) Report, and reduced its holdings in JPMorgan Chase (JPM) - Get JPMorgan Chase & Co. (JPM) Report by 60% and in Wells Fargo (WFC) - Get Wells Fargo & Company Report by 26%, according to the filing.
Buffett also exited a position in Restaurant Brands Intl. (QSR) - Get Restaurant Brands International Inc Report and exited its holdings in Occidental Petroleum (OXY) - Get Occidental Petroleum Corporation Report.
The filing also confirmed Buffett’s exit from all his holdings in airline stocks -- United Airlines Holdings (UAL) - Get United Airlines Holdings, Inc. Report, Southwest Airlines Co. (LUV) - Get Southwest Airlines Co. Report, American Airlines Group, Inc. (AAL) - Get American Airlines Group, Inc. Report and Delta Air Lines, Inc. (DAL) - Get Delta Air Lines, Inc. Report-- 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.
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.