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BNSF Parent Trims Its Holdings in Several Companies
OMAHA, Neb. (AP) -- Billionaire Warren Buffett's firm says it cut its holdings in a dozen different companies in the first quarter, including Kraft Foods and Procter & Gamble, as it finished raising cash for its $26.7 billion acquisition of the Burlington Northern Santa Fe railroad.

Berkshire Hathaway detailed the changes to its roughly $51 billion U.S. stock portfolio in documents filed with the Securities and Exchange Commission on Monday. The filing offers a snapshot of the Omaha-based company's holdings as of March 31.

During the first three months of the year Berkshire also reduced its stakes in ConocoPhillips, Costco Wholesale, Gannett and Johnson & Johnson.

But Berkshire did buy some shares of Republic Services, Iron Mountain, and Becton Dickinson.

(Copyright 2010 by The Associated Press. All Rights Reserved.)
05 18 10 by Newsroom
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