- Category: Economic
- Published Tuesday, February 16, 2016
- CTV News
OMAHA, Neb. -- Berkshire Hathaway revealed a new investment in Kinder Morgan and unloaded its stake in Chicago Bridge & Iron as part of several changes to its stock portfolio.
Warren Buffett's conglomerate filed an update on its U.S. stock holdings at the end of the year with the Securities and Exchange Commission on Tuesday.
Berkshire said it owned 26.5 million shares of Houston-based pipeline operator Kinder Morgan at the end of December. Pipelines are a business Buffett would understand well because Berkshire's utility unit owns several natural gas pipeline companies.
Berkshire did not report any shares of Chicago Bridge & Iron. At the end of September, it held 1.98 million shares.
Berkshire also added to its holdings in Deere & Co. and Wells Fargo during the last three months of 2015.