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HomeMarketBerkshire Cuts Stakes in Bank of New York, Activision in 4Q

Berkshire Cuts Stakes in Bank of New York, Activision in 4Q

Berkshire slashed its holding in Bank of New York in the fourth quarter.

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Spencer Platt/Getty Images

Berkshire Hathaway
cut its equity stakes in
Bank of New York
Blizzard and increased its holding in
in the fourth quarter, according to filings released Tuesday.

Berkshire Hathaway (Ticker BRK/A, BRK/B) reduced its holding in
Bank of New York
) to 25 million shares in the fourth quarter from 62.2 million shares in the third quarter. Berkshire cuts its interest in
Activision Blizzard
) by 7.3 million shares to 52.7 million shares.

The stake in
Louisiana Pacific
) rose to 7 million shares from 5.8 million shares.

 The change in these holdings was reported in 13-G filings with the Securities and Exchange Commission. The 13-G is annual filing for passive holdings that are more than 5%.

Berkshire’s stake in
), its largest equity investment, rose slightly to 915.6 million shares, but the increase of about 300,000 shares likely reflects the inclusion of Apple shares held by Alleghany, the insurer that Berkshire bought in October.

Berkshire is expected to report later Tuesday in a 13-F filing all its U.S. equity holdings.

Write to Andrew Bary at


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