Reuters: Regulatory News: UPDATE 1-Berkshire Hathaway takes positions in Dish, Suncor

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UPDATE 1-Berkshire Hathaway takes positions in Dish, Suncor Aug 15th 2013, 12:48 Thu Aug 15, 2013 8:48am EDT Aug 15 (Reuters) - Warren Buffett's Berkshire Hathaway Inc took new positions in Canada's Suncor Energy Inc and U.S. satellite TV company Dish Network Corp in the second quarter, a regulatory filing showed on Thursday. Berkshire also raised its stake in General Motors Co by 60 percent and its holding in Wells Fargo & Co by 1.1 percent. But it cut its holdings in Moody's Corp by 12 percent, in food and beverage group Mondelez International Inc by 92 percent, and in Kraft Foods Group Inc by 88 percent. It dissolved its holding of about 1.7 million shares in newspaper publisher Gannett Co. Berkshire took a new position of 17.8 million shares in Suncor, Canada's biggest oil and gas producer with a large presence in the Alberta oil sands. At Wednesday's closing price, the stake would be worth just under $600 million. It bought 547,312 Class A shares in Charlie Ergen's Dish Network, worth about $24 million based on Wednesday's close. Berkshire raised its stake in National Oilwell Verco Inc , the largest U.S. oilfield equipment provider, by about 19 percent to 8.9 million shares, and in U.S. Bancorp by just over 27 percent to 78.3 million shares. It increased its holding in Verisign Inc, the company that assigns internet protocol addresses, by just over 33 percent to 10.9 million shares. The company's holding in British drugmaker GlaxoSmithKline Plc was cut by 2.3 percent to 1.48 million sponsored ADRs. The details of the investments were made public on Thursday, following a technical glitch that prevented their disclosure on Wednesday as scheduled. Link this Share this Digg this Email Reprints

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