Warren Buffett’s Berkshire Hathaway Sells JPMorgan, Occidental Petroleum, Buys Barrick Gold, Kroger

Buffett’s Berkshire Hathaway slashed its position in JP Morgan Chase exited investments in Occidental Petroleum (OXY) and Goldman Sachs , and bought more Kroger (KR) stock, and initiated a position in Barrick Gold . Berkshire Hathaway disclosed the trades, among others in a form it filed with the Securities and Exchange Commission.

Berkshire Hathaway didn’t immediately respond to a request for comment on the transactions.

Berkshire Hathaway sold 35.5 million JPMorgan shares in the second quarter, lowering its investment in the banking giant to 22.2 million shares.

Buffett’s firm also sold all 18.9 million Occidental shares it had owned at the end of the first quarter.

Berkshire Hathaway bought 3 million more Kroger shares in the second quarter, lifting its investment in the grocer to 21.9 million shares.

Berkshire Hathaway also bought 20.9 million Barrick Gold shares in the second quarter; it hadn’t owned any at the end of the first .

In May, Berkshire Hathaway disclosed that it slashed its position in Goldman, but by the end of June, it had exited the financial giant completely.

By Ed Lin

Gh Extractives

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