In the worst quarter for U.S. stocks since 2011, Warren Buffett’s Berkshire Hathaway was a big buyer.
In fact, Berkshire (BRKA) increased the number of shares it held in its portfolio by 25%.
One of the biggest additions to Berkshire’s portfolio came without buying additional shares. He ended up with 59 million shares of AT&T (T, Tech30) that he received in exchange for the 31 million shares of DirecTV he used to own, as AT&T completed its purchase of DirecTV.
