Berkshire Hathaway Slightly Reduces Tesco Position, Sells More Moody's ~ market folly

Tuesday, May 7, 2013

Berkshire Hathaway Slightly Reduces Tesco Position, Sells More Moody's

Warren Buffett's Berkshire Hathaway has been active in selling shares of some positions recently.  The latest news is that Berkshire seems to have very slightly reduced their position in UK's Tesco.

Tesco Position Reduced

Berkshire has reported ownership of 4.98% of Tesco ordinary shares as of May 3rd, 2013.  This is down from their previous 5.08% ownership with back in January of 2012.

This is a very small reduction, but since everyone loves tracking Buffett's every move, we thought this should at least be mentioned.

It's also worth noting that this looks to be caused completely by a reduction in the size of their cash settled equity swaps on the name.  They show a 1.79% position now and at the beginning of 2012 it was 1.87%.

Moody's Reduced Again

We highlighted last week how Buffett sold some Moody's shares and Berkshire just filed another Form 4 with the SEC reporting even more sales.

Due to trading on May 2nd and 3rd, Berkshire has sold 1,375,011 MCO shares at weighted average prices ranging from $60.496 to $63.4212.  After this latest batch of sales, Buffett still owns 25,293,539 shares of Moody's.

For more from this legendary investor, head to Buffett's latest book recommendations.

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