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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>CNBC</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Fri, Nov 14 2008, 5:41 pm EST<span class="gen"> </span> Post subject: Re: Buffett's Berkshire Boosts Stake in ConocoPhillips</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Warren Buffett's Berkshire Hathaway Sharply Boosts ConocoPhillips Stake <br /> <br />Posted By:Alex Crippen <br />Nov.14, 5:22 PM ET <br /> <br />Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips [COP 47.39 -1.79 (-3.64%) ] this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC. <br /> <br />In mid-May, Berkshire reported holding 17.5 million shares as of March 31. That means Berkshire's stake in Conoco increased almost five-fold over six months. <br /> <br />Its Conoco holdings were kept confidential and not included in its portfolio snapshot released in mid-August for the end of the second quarter. A separate filing tonight reveals that Berkshire held 59.7 million shares as of June 30. <br /> <br />Today's filing for the third quarter also reveals a new 2.9 million share stake in Eaton Corporation. [ETN 41.15 -1.43 (-3.36%) ] <br /> <br />Existing stakes in Bank of America [BAC 16.42 -0.68 (-3.98%) ], Carmax [KMX 8.36 -0.76 (-8.33%) ], Home Depot [HD 20.54 -1.69 (-7.6%) ], Lowe's [LOW 18.23 -1.50 (-7.6%) ], and Wellpoint [WLP 35.24 -0.26 (-0.73%) ]were trimmed between the end of the second quarter and the end of the third quarter. <br /> <br />Berkshire increased its holdings in NRG Energy [NRG 22.65 -1.20 (-5.03%) ]. <br />... <br />more: <br /> <br /><a href="http://www.cnbc.com/id/27723341" target="_blank">http://www.cnbc.com/id/27723341</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>Bloomberg</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Fri, Nov 14 2008, 5:35 pm EST<span class="gen"> </span> Post subject: Buffett's Berkshire Boosts Stake in ConocoPhillips</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Buffett's Berkshire Boosts Stake in ConocoPhillips (Update1) <br /> <br />By Erik Holm <br /> <br />Nov. 14 (Bloomberg) -- Warren Buffett's Berkshire Hathaway Inc. increased its holdings in oil producer ConocoPhillips and took a stake in hydraulics maker Eaton Corp. in the third quarter, expanding the firm's portfolio as markets tumbled. <br /> <br />Berkshire had more than 83 million shares in Houston-based ConocoPhillips as of Sept. 30, compared with about 17.5 million on March 31, the company said today in a regulatory filing. <br /> <br />Buffett, the world's preeminent stock picker, has said he's also spending his own money to buy U.S. stocks as prices decline amid the worst financial crisis in 75 years, switching his holdings from government bonds. Berkshire, where Buffett is chief executive officer and head of investing, spent about $3.94 billion on stocks in the quarter and sold shares for about $300 million, according to separate filings. <br /> <br />``Most major companies will be setting new profit records 5, 10 and 20 years from now,'' Buffett said in a column in the New York Times in October. ``If you wait for the robins, spring will be over.'' <br /> <br />Berkshire was the largest shareholder of companies including Coca-Cola Co. and American Express Co. as of Sept. 30, with a portfolio worth $76 billion. Berkshire has been increasing investments in the past year in banks, including U.S. Bancorp and drugmakers such as France's Sanofi-Aventis SA. <br />... <br /> <br />more: <br /><a href="http://bloomberg.com/apps/news?pid=20601087&sid=ajB9iZ6mi7AI&refer=home" target="_blank">http://bloomberg.com/apps/news?pid=20601087&sid=ajB9iZ6mi7AI&refer=home</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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