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Buffett Further Trims Moody’s Stake as Shares Surge 21%

Berkshire Hathaway Inc., led by billionaire Chairman Warren Buffett, further trimmed its holdings of Moody’s Corp. as the credit-ratings firm’s stock has surged this year.

Berkshire sold about 1.75 million shares this week at prices ranging from $59.93 to $60.94 apiece, according to a filing issued yesterday. New York-based Moody’s has advanced 21 percent in 2013.