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Buffett's Berkshire trims U.S. Bancorp stake
Warren Buffet's Berkshire Hathaway $Berkshire Hathaway-B (BRK.B.US)$, $Berkshire Hathaway-A (BRK.A.US)$ sells a fraction of its holdings in U.S. Bancorp $UBS Group (UBS.US)$, according to an SEC filing.
Berkshire sold just under 500K USB shares, bringing the firm's holdings to 150.5M.
Likely the sales are intended to bring Berkshire's stake in USB to below 10%.
In late April, the Oracle's stake rose to over 10% of public float after USB bought back shares.
Berkshire sold just under 500K USB shares, bringing the firm's holdings to 150.5M.
Likely the sales are intended to bring Berkshire's stake in USB to below 10%.
In late April, the Oracle's stake rose to over 10% of public float after USB bought back shares.
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