Buffett’s company slashes Kraft investment and scales back holdings in several other companies

Berkshire trims its holdings in several companies

OMAHA, Neb. — 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.

Online:

Berkshire Hathaway Inc.: www.berkshirehathaway.com