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Berkshire boosts ConocoPhillips stake, buys Eaton

Warren Buffett’s Berkshire Hathaway Inc  said on Friday it has nearly quintupled its holdings in oil company ConocoPhillips and taken a new stake in hydraulics manufacturer Eaton Corp.

Berkshire disclosed its investments in a U.S. Securities and Exchange Commission filing, in which it reported holdings of stocks on U.S. exchanges as of Sept. 30.

The Omaha, Nebraska-based insurance and investment company said it owned 83.96 million shares in Houston-based Conoco, worth $6.15 billion, as of the end of September, equal to a 5.6 percent stake. That is up from 59.69 million shares as of June 30, and 17.51 million three months earlier.

Buffett had previously kept the June stake confidential. The SEC often lets Buffett, one of the world’s richest people and perhaps its most revered investor, delay disclosure of his investing activity so others cannot copy him.

read the rest published by Reuters here:

http://www.reuters.com/article/americasIpoNews/idUSN1454571920081114