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Market Update

Berkshire Puts More Than $2 Billion to Work in Stocks

New money purchases in the second quarter include Suncor Energy and DISH Network.

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Wide-moat-rated  Berkshire Hathaway's (BRK.A) (BRK.B) second-quarter 13-F filing, which details the firm's equity holdings at the end of the June quarter, continued the theme we've seen in the past few years of the firm selling off stakes in legacy holdings to help fund the investment portfolios Ted Weschler and Todd Combs are running.

Berkshire continued to wind down its stake in  Kraft Foods Group (KRFT), which Buffett started selling off during the second quarter of 2011, and substantially reduced its stake in  Mondelez International (MDLZ), which was spun off from Kraft in the fourth quarter of last year. As they represented less than $30 million in combined value at the end of the second quarter, we'd be surprised if either stock stayed in the portfolio much longer.

Greggory Warren does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.