(Berkshire Hathaway item updated to correct a misreported figure. Warren Buffett's holding company eliminated a stake in Travelers of about 27,000 shares, not 270,000.)
OMAHA, Neb. (
) -- Warren Buffett's
got out of health insurance and into garbage collection and medical devices during the first quarter of 2010.
According to the seasonal disclosure of its investment holdings, filed with the SEC Monday, Berkshire killed its stake in
during the first quarter, selling all 1.3 million shares. Buffett's holding company also liquidated sizable stakes in
(1.2 million shares) and regional bank
(2.4 million shares).
SunTrust shares fell sharply in Tuesday trading. Late in the session, the stock was changing hands at $27.72, down $2.16, or 7.2%.
Shares of WellPoint and UnitedHealth were only modestly lower Tuesday, losing 0.2% and 0.8%, respectively.
continued to sell shares in
, and notably sold stock in
( KFT), a long-time Berkshire favorite that came under fire from Buffett for its purchase of Cadbury.
apparently caught the Oracle's attention. Berkshire increased its interest in the waste collector and recycler to 10.8 million shares from 8.3 million shares in the prior quarter. Meanwhile, he bought up shares of medical device maker
, hiking his interest by 200,000 shares to 1.7 million.
The bullish calls for Buffett were relatively scarce in the first quarter, which comes as no surprise as his firm has sought to raise cash for the completion of its $26.7 billion acquisition of railroader
( BNI). His only other raise came in shares of data provider
, a recent favorite of Berkshire's. During the quarter, the firm increased its holdings in the company to 7.8 million shares from 7 million.
Berkshire also eliminated a modest holding -- about 27,000 shares -- in insurance giant
-- Written by Scott Eden in New York
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Scott Eden has covered business -- both large and small -- for more than a decade. Prior to joining TheStreet.com, he worked as a features reporter for Dealmaker and Trader Monthly magazines. Before that, he wrote for the Chicago Reader, that city's weekly paper. Early in his career, he was a staff reporter at the Dow Jones News Service. His reporting has appeared in The Wall Street Journal, Men's Journal, the St. Petersburg (Fla.) Times, and the Believer magazine, among other publications. He's also the author of Touchdown Jesus (Simon & Schuster, 2005), a nonfiction book about Notre Dame football fans and the business and politics of big-time college sports. He has degrees from Notre Dame and Washington University in St. Louis.