Munger Halves Berkshire Stake

NEW YORK (

TheStreet

) --

Berkshire Hathaway

( BRK-B) vice chairman Charlie Munger, transferred almost 48% of his holdings of stock in the Omaha, Neb.-based conglomerate to a family trust, according to a report in

The Wall Street Journal

that cited

a regulatory filing

.

The sales of class B and class A shares add up to nearly $750 million, according to

Bloomberg

which based its tally on closing prices Nov. 4, the day the transactions were conducted.

The shares were distributed to a beneficiary of a community property revocable trust in which Munger was a co-trustee along with his wife, Nancy, who died in February, according to the

Journal

.

Munger, who is 86, according to the

Journal

, is a longtime friend and business partner of Berkshire's 80 year-old CEO,

Warren Buffett

.

Berkshire Hathaway, a multi-billion dollar publicly-traded company, has big stakes in a wide range of other public companies, including

Coca Cola

(KO) - Get Report

,

Costco Wholesale

(COST) - Get Report

and

Nike

(NKE) - Get Report

.

--

Written by Dan Freed in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.