Markets

Buffett's Berkshire reports new stake in Canada's Suncor, shares spike

Key Points
  • Berkshire Hathaway added more than 10.8 million shares of Suncor, an energy company based in Calgary, Canada.
  • Shares of Suncor jumped as high as nearly 4 percent in after-hours trading on Thursday.
  • The conglomerate also revealed 4.175 million new stake in software company Red Hat.
  • Bershire boosted its investments in many U.S. banks last quarter including Bank of America, U.S. Bankcorp, PNC, Bank of NY Mellon and J.P. Morgan.
  • It dissolved its 41.4 million-share stake in Oracle and decreased its holding of Apple shares to 249.5 million.
Warren Buffett speaks to CNBC's Andrew Ross Sorkin
CNBC

Warren Buffett's Berkshire Hathaway added more than 10.8 million shares of Suncor in the fourth quarter, according to a filing with the Securities and Exchange Commission.

Suncor, an energy company based in Calgary, Canada, jumped as high as nearly 4 percent in after-hours trading on Thursday.

Buffett's conglomerate also revealed a new stake of 4.175 million shares in software company Red Hat, according to the company's 13-F filing. The filing documents the company's holdings as of end of December.

Berkshire added more than 20 million shares of General Motors in the fourth quarter to a total of 93.19 million shares. It also boosted its investments in many U.S. banks last quarter including Bank of America, U.S. Bankcorp, PNC, Bank of NY Mellon. The company reported adding 14.45 million shares of J.P. Morgan in the fourth quarter, to total 50.116 million shares.

The filing shows Berkshire dissolved its holding of 41.4 million shares in Oracle and decreased its holding of Apple shares nearly 3 million shares, to 249.5 million.

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