Berkshire Hathaway Lowers Investment in Goldman Sachs

By and | November 16, 2015

Warren Buffett’s Berkshire Hathaway Inc. reduced its investment in Goldman Sachs Group Inc. by 13 percent during the third quarter.

The billionaire investor’s Omaha, Nebraska-based firm said it owned almost 11 million shares at the end of September, the company said Monday in a regulatory filing. That compared with 12.6 million shares in June.

Berkshire also said it owned 59.3 million shares of AT&T Inc. Berkshire owned 31.4 million shares of DirecTV in the previous period. AT&T completed its deal to purchase DirecTV in July, in a transaction that gave DirecTV investors AT&T stock and cash in exchange for their shares.

Topics Berkshire Hathaway

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