Berkshire Hathaway, Warren Buffett's firm, has disclosed its positions in a number of stocks for the third quarter.
The Omaha-based company invested $52 million in Bank of New York Mellon Corp., according to a regulatory filing released Monday.
Berkshire also eliminated its stakes in a number of other companies, selling all its shares of Home Depot, CarMax, Iron Mountain, NRG Energy, and Republic Services.
According to The Wall Street Journal, these investments likely belonged to the soon-to-retire Lou Simpson, Berkshire's other investment manager. Berkshire's tweaking of its stock portfolio could be a move to prepare for life after Simpson's departure.
The company also significantly reduced its holdings of Comcast, Ingersoll-Rand Company, Nike, Fiserv, and Nalco Holding Co.
Meanwhile, the company increased its positions in Johnson & Johnson and Wells Fargo.
Bank of New York Mellon shares rose 1.6 percent to $28.17 in after hours trading.
