Monday, August 17, 2009

Buffett sells energy, buys drugmaker stocks (BRK.A)

From CNN Money:

Warren Buffett's Berkshire Hathaway sells ConocoPhillips shares in second quarter; buys Johnson & Johnson.

Investor guru Warren Buffett bought up millions of shares of health care and drugmaker stocks in recent months while shedding energy shares, according to a Friday filing with the Securities and Exchange Commission.

In his biggest acquisition of the second quarter, Buffett's Berkshire Hathaway (BRK.A) investing company added nearly 4 million shares of drug and consumer product maker Johnson & Johnson (JNJ, Fortune 500), bringing his tally to nearly 37 million shares.

Buffett also bought 1.2 million shares of laboratory equipment company Becton Dickinson & Co. (BDX, Fortune 500) He did not hold shares in this company in the second quarter....MORE