Berkshire Buys 8M Pier 1 Shares

Omaha, NE, August 17-- Berkshire Hathaway is expanding its home furnishing interests. In its quarterly holdings report for the period ending July 30, Berkshire reported buying 8 million shares of home furnishings retailer Pier 1 Imports Inc., based in Fort Worth, Texas. The shares were valued at $141 million. Berkshire also reported in Monday's filing with the Securities and Exchange Commission that it had sold 910,000 shares of HCA Inc., 517,000 shares of Mueller Industries and 73,000 shares of Zenith National Insurance. The company reported a total of $36 billion in holdings. Some of the company's holdings were not publicly disclosed under a confidential filing status that allows investors to keep holdings private for up to one year before being released by the SEC, according to the report. The largest holding in Berkshire's quarterly report continues to be Coca-Cola Co., with 200 million shares valued at $10 billion. Berkshire also holds 151.6 million shares of American Express Co. stock, valued at $7.9 billion. Berkshire also holds substantial stakes in H&R Block, The Gillette Co., Wells Fargo & Co. and the Washington Post Co.

Related Topics:Shaw Industries Group, Inc.

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