Buffett sells Carmax, Home Depot stakes

By Reuters
Posted Nov. 15, 2010 at 5:27 p.m.

Warren Buffett’s Berkshire Hathaway no longer held stakes in used car retailer Carmax, home improvement retailer Home Depot or waste manager Republic Services as of September 30, according to a filing with securities regulators on Monday.

In a quarterly holdings report with the U.S. Securities and Exchange Commission, Berkshire did not show stakes in information manager Iron Mountain or power company NRG Energy either. All five companies were listed in his last filing, as of June 30.

Buffett, the “Oracle of Omaha,” is one of history’s most famed stock pickers. The moves made by the 80-year-old investor are scrutinized in minute detail, particularly by adherents to his style of value investing.

While Buffett largely reduced or sold holdings in consumer and capital goods companies in the quarter, he added to his position in bank Wells Fargo and took a new stake in Bank of New York Mellon.

Bank of New York Mellon shares rose 1.7 percent in after-hours trading.

Buffett’s holdings in his five largest positions remained largely unchanged during the quarter, except for the increase in his Wells Fargo stake and a decrease in Procter & Gamble Co shares.

The report showed a value of U.S. equity holdings of $48.56 billion at September 30, up from $46.44 billion at June 30.

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