Table: Buffett Falls into the Gap
Warren Buffett's Berkshire Hathaway last year bought 8 million shares of retailer Gap*. The precise cost is unknown, but it's likely above where Gap has recently traded, near $26 a share.
HIGHEST LOWEST ESTIMATED SHARES POSSIBLE POSSIBLE AVERAGE PURCHASED COST PER COST PER COST PER PERIOD (millions) SHARE SHARE SHARE
APR. 1-JUNE 30 2.4 $53.13 $28.00 $40.56 JULY 1-SEPT. 30 5.6 39.13 19.56 29.34 WEIGHTED AVERAGE 43.33 22.09 32.71
* Most recent data show Berkshire held 8 million Gap shares as of Dec. 31. Since then, it could have expanded, trimmed, or eliminated its position without yet having to disclose any trades.
Data: Company reports, BusinessWeek estimates