Warren Buffett reduces Energy and up defensive stocks
Reported from the WSJ:
Mr. Buffett continued reducing his stake in ConocoPhillips Co., an investment he has called a mistake. This time he shaved almost 20 million shares, to 37.7 million shares at the end of December from the end of the third quarter.
Mr. Buffett also reversed direction on his holdings of Exxon Mobil Corp., cutting his stake to 421,800 shares at December 31 from the 1.23 million he reported at the end of September. Mr. Buffett reported that he had first owned shares of Exxon Mobil as of June 30.
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