Warren Buffett reveals hefty stake in Suncor Energy Inc
Berkshire Hathaway Inc. reported a stake in Suncor Energy Inc. and added to a holding in General Motors Co. as billionaire Chairman Warren Buffett and his deputies spent the most on stocks in a quarter since 2011.
Buffett’s firm owned 17.8 million Suncor shares on June 30, a stake valued at more than US$500 million in the Calgary-based heavy-oil producer, Berkshire said Thursday in a regulatory filing. The company also added to its holdings in U.S. Bancorp and Wells Fargo & Co. The filing omitted some data that was reported confidentially to regulators.
