Buffett's Berkshire slashes IBM stake, adds to Apple

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Matthew Staver | Bloomberg | Getty Images Jeff Bezos

Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) stock moves for the third quarter are out. Berkshire now owns 26.7% of the outstanding shares of Kraft Heinz common stock, with a carrying value of approximately $15.7 billion at the end of September.

Apple Inc. (NASDAQ: AAPL) was listed as 3.9 million more shares at 134.09 million shares worth about $20.6 billion, versus the prior quarter 130.19 million shares. Buffett invested in Bank of America in 2011 as it dealt with legal troubles related to mortgages.

Meanwhile, Buffett trimmed stakes in IBM (IBM), Wells Fargo (WFC), and Charter Communications (CHTR).

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Berkshire Hathaway reduced its IBM stake by about one-third, selling just over 17 million shares in the quarter.

The Berkshire Hathaway quarterly SEC filing (13F) showed the balance as more than $177 billion of September 30.

The Coca-Cola Company (NYSE: KO) was the same 400 million shares, valued at about $18.0 billion. IBM's full name is International Business Machines Corp.

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Berkshire is one of Wells Fargo's largest shareholders, with a almost 10 percent stake. In the first nine months of 2016, Berkshire Hathaway also received dividends of $180 million from its preferred stock investment, which Kraft Heinz redeemed for cash of $8.32 billion on June 7, 2016.

The Monsanto position was increased by about 10%, with Berkshire Hathaway adding 831,685 shares in the quarter, bringing its total position to just over 8.87 million.

It also no longer reported a stake in Wabco Holdings Inc, which sells brake and suspension systems for commercial vehicles.

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