Recent SEC Form 4 filings show Berkshire Hathaway
The Oracle of Omaha started selling his stake in Moody's in 2009, after he had amassed 48 million shares or 20% of the company. His sales have been at prices, far below the company's highs over $70/share reached in 2006 and early 2007, just ahead of the financial crisis. Since then, Buffett has continued to sell more Moody's shares almost every quarter, and Berkshire's stake in the company has fallen to 12%. He wisely took a selling break in the second quarter, when he testified before the Financial Crisis Inquiry Commission along with Moody's CEO. Since then, Buffett has resumed his sales, as expected.
While Buffett has never made statements suggesting regret over his Moody's investment, as he has with ConocoPhillips
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Fool contributor, April Taylor, owns shares of Berkshire Hathaway. Berkshire Hathaway and Moody's are Motley Fool Inside Value selections. Berkshire Hathaway and Moody's are Motley Fool Stock Advisor picks. Motley Fool Options has recommended writing covered calls on Moody's. The Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days.
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