Warren Buffett Trims Holdings in Norfolk Southern Corp and Union Pacific Corporation
Oct 17th, 2007 by Martin Lee
Warren Buffett’s Berkshire Hathaway reported on Monday that they have reduced their stake in railway companies Norfolk Southern Corp. and Union Pacific Corp during the second quarter from Apr to Jun 07.
According to a Securities and Exchange Commission filing, Buffett’s holding in Union Pacific fell to 7.41 million shares valued at $853.4 million as of June 30, from 10.5 million shares on March 31, .
The Norfolk Southern stake fell to 3.76 million shares valued at $197.51 million on June 30, from 6.36 million shares on March 31.
Earlier on, Warren Buffett had requested for confidential treatment of his holdings in the two freight-railroad operators, therefore they weren’t included in his second-quarter holdings report filed with the SEC in August. This confidential treatment period expired on Monday.
For some reason, it seems that Buffett is focusing his railway company holdings into Burlington Northern Santa Fe and trimming the other two.