I almost got the feeling that Berkshire is making another Deere move again because there is a similar situation to what happened back then with Deere. They increased their holding and then all of a sudden completely gone followed by being back again next quarter as a much larger holding. We shall see if I was correct in a quarter from now.
There was one new addition and that was:
Axalta Coating Systems - An American company that are producing liquid as well as powder coatings.
Conclusion: National Oilwell Varco they have been decreasing in for some quarters now and finally it seems as if they managed to get rid of the final shares. However with Phillips 66 I got the same feeling as with Deere and I hope that we will find that Berkshire will own a big chunk of Phillips 66 next quarter. They also had a new investment with Axalta that looks like a very well run company but I personally find it expensive.
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It was now confirmed that Berkshire Hathaway have bought 58 million shares in Phillips 66 or around a 4.5 billion USD investment.
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