Warren Buffett's stake in Burlington Northern Santa Fe is approaching 18 percent after Berkshire Hathaway paid close to $74 million for nearly a million shares on Monday and Tuesday of this week.
That's on top of the roughly 750,000 shares Berkshire picked up over four days of buying last week. According to SEC disclosures, Berkshire adding to its stake in the freight railroad on six out of the seven trading days starting on January 7, taking only Friday the 11th off.
In a filing earlier this evening, Berkshire says it bought 141,400 shares at $78.18 each on Monday, paying $11.05 million. Then on Tuesday, Buffett's holding company made its biggest daily purchase in the recent series: 807,400 shares at $77.69 each, for a total price of $62.73 million.
Berkshire now holds 17.8 percent of Burlington's outstanding shares, and told the railroad last August it could go to 25 percent or more.