Warren Buffett's firm reveals investment in pipeline operator Kinder Morgan

OMAHA, Neb. -- Berkshire Hathaway Inc. on Tuesday revealed that it has made a new investment in pipeline operator Kinder Morgan and unloaded its stake in Chicago Bridge & Iron as part of several changes to its stock portfolio.

See Full Article

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.

It said it owned 26.5 million shares of Houston-based Kinder Morgan Inc. at the end of December. Pipelines are a business Buffett understands well because Berkshire's utility unit owns several natural gas pipeline companies.

Berkshire did not report any shares of Chicago Bridge & Iron Co., which builds energy infrastructure projects. At the end of September, it held 1.98 million shares.

Buffett's remarkably successful track record means that many investors look for ideas to copy in these quarterly filings.

But the combined filing also includes investments made by two other Berkshire executives who manage part of the company's $132 billion stock portfolio.

That means it's not always clear which investments Buffett made himself, but he has said previously that investments smaller than $300 million are likely to be the work of other Berkshire managers.

The Omaha, Nebraska-based conglomerate also made changes to several other investments during the quarter:

  • Buffett's company now holds 22.88 million Deere & Co. shares, up from 17.05 million last fall.
  • It bought more than 9 million Wells Fargo & Co. shares to give it 479.7 million shares of the bank
  • Buffett's company reduced its stake in AT&T Inc. to leave it with 46.6 million shares, down from 59.3 million.
  • Berkshire added to its Liberty Global PLC holdings to give it 9.1 million shares, up from 8.5 million.
  • Berkshire reduced its stake in Wabco Holdings Inc. to 1.69 million shares, from 1.92 million.

Besides investments in companies such as Coca-Cola Co., Wells Fargo & Co. and American Express Co., Berkshire owns about 90 subsidiaries in a variety of industries, including insurance, utilities, railroads, retail and manufacturing.



Advertisements

Latest Economic News

  • British Airways cancels flights amid global computer outage

    Economic CTV News
    LONDON -- British Airways cancelled all flights from London's Heathrow and Gatwick airports Saturday as a global IT failure caused severe disruption for travellers on a busy holiday weekend. The airline said it was suffering a "major IT systems failure" around the world. Source
  • Broker, agent who worked with subsidiary of Home Capital disciplined

    Economic CBC News
    An Ontario regulator says it has imposed disciplinary actions against a mortgage broker and agent who worked with Home Trust Co., a subsidiary of Home Capital Group, over their handling of mortgages. The Financial Services Commission of Ontario (FSCO) says it conducted a review of 45 mortgage brokers and agents that Home Capital cut ties with after they were accused of falsifying income information several years ago. Source
  • Calgary man on lam in Mexico sentenced to 3 years in $27M mortgage fraud

    Economic CTV News
    CALGARY -- A Calgary man who was arrested after being on the lam for two years in Mexico for his part in a $27 million mortgage fraud has been sentenced to three years in prison. Source
  • Nortel Canada to start paying billions to creditors

    Economic CBC News
    Nortel Canada's long-suffering creditors will finally begin to receive their share of more than US$4 billion to be distributed under a plan approved in January, eight years after the former technology titan began bankruptcy proceedings. Nortel Networks Corp. Source
  • Nortel Canada to start paying billions to creditors; first instalment by July

    Economic CTV News
    TORONTO - Nortel Canada's long-suffering creditors will finally begin to receive their share of more than US$4 billion to be distributed under a plan approved in January, eight years after the former technology titan began bankruptcy proceedings. Source
  • Que. construction strike: Day 3 kicks off with little to show at bargaining table

    Economic CTV News
    MONTREAL -- There is little progress to report at the table as Quebec's construction strike enters Day 3. Eric Cote, a spokesman for one association of employers, says negotiations resumed late Thursday and that representatives for his group emerged early today suggesting they were a waste of time. Source
  • Ford's ex-CEO leaves company with $51.1M US

    Economic CBC News
    Ford's former CEO Mark Fields is leaving the company with an estimated $51.1 million US in cash, stock awards and pension benefits. Fields, 56, retired earlier this week after three years as CEO. Ford made record profits during his tenure but its stock price dropped nearly 40 per cent on investors' concerns about the company's future. Source
  • Ford's ex-CEO leaves company with US$51.1 million

    Economic CTV News
    DETROIT -- Ford's former CEO Mark Fields is leaving the company with an estimated US$51.1 million in cash, stock awards and pension benefits. Fields, 56, retired earlier this week after three years as CEO. Source
  • Rising program expenses propel fed 2016-17 deficit to $21.8B: preliminary estimate

    Economic CBC News
    A preliminary analysis of the federal books suggests the government ran a 2016-17 deficit of $21.8 billion to put the Liberals close to their projection for the fiscal year. The Trudeau government's spring budget projected a shortfall of $23 billion for the fiscal year, without counting a $3-billion risk adjustment added to the accounting framework. Source
  • Feds run $21.8B deficit in 16-17, putting them close to target: early analysis

    Economic CBC News
    A preliminary analysis of the federal books suggests the government ran a 2016-17 deficit of $21.8 billion to put the Liberals close to their projection for the fiscal year. The Trudeau government's spring budget projected a shortfall of $23 billion for the fiscal year, without counting a $3-billion risk adjustment added to the accounting framework. Source