OMAHA, Nebraska (AP) – Billionaire Warren Buffett’s company has taken a new stake in Canadian firm Suncor Energy and trimmed its huge Apple stake.
Berkshire Hathaway Inc filed a quarterly update on its holdings with the Securities and Exchange Commission on Thursday.
The Omaha, Nebraska-based company said it owned 10.76 million Suncor shares at the end of last year. But these quarterly filings don’t make clear who made the investments.
Buffett has said that investments of less than USD1 billion are likely to be the work of Berkshire’s two other investment managers.
Berkshire said it sold nearly three million Apple shares but it still held 249.6 million shares of the iPhone maker.
Buffett has said he considers Apple a consumer products company with a strong competitive position, rather than as a tech company.
Investors follow what Berkshire buys and sells closely because of Buffett’s successful track record. Berkshire officials don’t generally comment on these quarterly filings.