Warren Buffett’s Berkshire Hathaway buys 20.9 million shares of Barrick Gold, reduces bank positions
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Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) stock moves for the second-quarter are out, revealing a new position in Barrick Gold. According to a 13-F regulatory filing, Berkshire Hathaway snapped up approximately 20.9 million shares of Barrick Gold (GOLD), a position valued at $563.5 million at the end of the quarter. Shares of the gold exploration company were last trading up about 3% near $27.76 per share in the after-hours session. Berkshire exited its stake in Goldman Sachs (GS), selling the remaining 1.9 million shares, the filing shows. During the quarter, slashed its positions in financials, including Wells Fargo (WFC) and JPMorgan Chase (JPM). Specifically, Berkshire cut its JPMorgan stake by […]