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Warren Buffett Trims Goldman, Wal-Mart Investments

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By Noah Buhayar, Katherine Chiglinsky, and Sonali Basak

November 16, 2015 at 12:18 PM UTC

Updated on

November 16, 2015 at 9:54 PM UTC

This article is for subscribers only.

Warren Buffett’s Berkshire Hathaway Inc. trimmed its investments in Goldman Sachs Group Inc. and Wal-Mart Stores Inc. as the billionaire freed up cash ahead of the completion of one of his largest acquisitions.

Berkshire had about 11 million shares of Goldman Sachs as of Sept. 30, compared with 12.6 million three months earlier, according to a filing Monday disclosing holdings as of the end of the third quarter. The stake in Wal-Mart dropped to 56.2 million shares from 60.4 million.