This week, Warren Buffett paid close to $74 million for about a million shares in Burlington Northern Santa Fe. This pushes Berkshire’s stakes to nearly 18 percent.
The buying of Burlington shares has been picking up speed of late. Last week, another 750,000 shares were bought. There was a purchase made almost every day of that week.
In a filing made earlier, Berkshire says it paid $11.05 million for a total of 141,400 shares bought at $78.18 each on Monday. On Tuesday, they brought 807,400 shares at $77.69 each, for a total price of $62.73 million.