After selling off $430 million of equities in the fourth quarter of 2003 and approximately $150 million in the first quarter of 2004, Berkshire Hathaway
As W.D. Crotty reported on Aug. 17, the biggest move in the Berkshire portfolio was the addition of 8 million shares of Pier 1 Imports
The only other increase in the Berkshire portfolio was American Standard
Berkshire did continue to make some reductions in its equity portfolio. Holdings of Zenith National Insurance
The largest cut in absolute dollar terms was a sale of about 6% of its shares of HCA
It should come as no surprise that Buffett is looking at the beaten-down retail sector for investment opportunities. Berkshire's moves in the equity market in the next few quarters will be particularly interesting to watch -- Buffett has repeatedly said in the past that he was not finding many attractive opportunities in stocks. But if the market continues to fall, Buffett may start to do more than just nibble, and we could see some more aggressive buying from him soon. Stay tuned.
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Fool contributor Salim Haji lives in Denver. He owns shares in Berkshire Hathaway but not in any of the other companies mentioned.