Buffett Broadens Portfolio by Spending $23.9 Billion - Bloomberg: "Berkshire has disclosed new stakes this year in MasterCard Inc. (MA), the world’s second-biggest payments network, and retailer Dollar General Corp. (DG) Buffett’s firm has requested permission to omit information from filings that list U.S. equity holdings as of March 31 and June 30. Regulators sometimes let companies withhold data to limit copycat investing while building or cutting a position. Berkshire hasn’t filed its third-quarter stocks statement as of yesterday."
Berkshire’s third-quarter net income slid 24 percent to $2.28 billion as the stock market slump pressured the value of Buffett’s equity derivative bets, the firm said in the filing. Insurance units posted a $1.7 billion pretax underwriting gain, while net earnings at the railroad rose 8.5 percent to $766 million. The market value of the stock portfolio advanced to $68.1 billion on Sept. 30 from $67.6 billion at the end of June.'via Blog this'
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