Warren Buffett's stake in Burlington Northern Santa Fe has topped 18 percent after his Berkshire Hathaway holding company bought an additional 1.25 million shares for $96 million over the past three days.
That brings Berkshire's total holdings to 63,775,118 shares, or 18.2% of the freight railroad's outstanding shares.
Even as fears of a possible recessionhave sparked heavy selling on Wall Street, Berkshire has been steadily adding to its Burlington position. It has made a purchase on each day of the past two weeks, with the exception of Friday, January 11.
According to its latest disclosure to the SEC, Berkshire made its largest single-day purchase in the recent series of buys when it picked up 996,100 shares yesterday (Friday, January 18) for $76.97 each. That's near the bottom of the price range it's been paying recently.