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Tuesday, November 17, 2009

RTT NEWS: Buffett's Berkshire Hathaway Nearly Doubles Stake In Wal-Mart; Discloses Stake In Exxon Mobil, Nestle

11/16/2009 11:53 PM ET

(RTTNews) - In a filing with the U.S. Securities and Exchange Commission, Berkshire Hathaway Inc. (BRKa: News , BRKb) provided a snapshot of its portfolio of U.S. equities at the end of September 30, 2009. Billionaire Warren Buffett's U.S. equities portfolio at the end of September quarter was $56.55 billion, when compared to $48.95 billion held at June 30, 2009.

The filing shows that Buffett, whose stock picks are closely watched by investors, has bought stakes in Nestle SA (NSRGY.PK: News ,NSTR.L: News ), Republic Services Inc. (RSG: News ), Exxon Mobil Corp. (XOM: News ), and The Travelers Companies (TRV: News ) and nearly doubled his stake in Wal-Mart Stores, Inc. (WMT: News ).

Berkshire Hathaway held 3.4 million ADRs of Nestle, valued at $144.7 million, 3.63 million shares of Republic Services, valued at $96.32 million, approximately 27 thousand shares of Travelers Companies valued at $1.35 million, at the end of September. Buffett has started accumulating stake in Exxon Mobil, and held 1.27 million shares at the end of September. Buffett's company also disclosed in a separate filing that it held 0.85 million shares of Exxon Mobil at the end of June.

As of September, 33.63 million shares of Wal-Mart Stores, valued at $1.65 billion, were held by Berkshire Hathaway, compared to 19.9 million shares held at the end of June.

Berkshire Hathaway, which recently agreed to acquire the remaining 77.4% of outstanding shares of Burlington Northern Santa Fe Corp. (BNI: News ), it did not own, in a $100 per share cash and stock transaction, held 1.93 million shares of Norfolk Southern Corp. (NSC: News ) and 9.5 million shares of Union Pacific Corp. (UNP: News ) as of September.

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