These are some of the changes we have seen in the holdings of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A).  We have consolidated these into groups and this group is alphabetical from A to H for the quarter ended on September 30, 2008:

• American Express Co. (NYSE: AXP) 151,610,700 shares
• Anheuser Busch Cos. Inc. (NYSE: BUD) taken to 13,845,000 shares, from under under 15 million last quarter and from over 35 million in March
• Bank of America Corp. (NYSE: BAC) 5,000,000 shares; DOWN from 9.1 million shares in June      
• Burlington Northern Santa Fe (NYSE: BNI) 63,785,418 shares (although higher now)
• Carmax Inc. (NYSE: KMX) 18,444,100; DOWN from 21.3 million shares in June
• Coca Cola (NYSE: KO)  200,000,000 shares (same)
• Comcast (NASDAQ: CMCSA) 12 million shares (same)
• Comdisco Holdings (NASDAQ: CDCO) over 1.5 million shares
• ConocoPhillips (NYSE: COP) 59,688,000 in one unit, but about 83.9 million total; position was known about generally last quarter, but the size had been kept confidential.
• Costco Wholesale (NASDAQ: COST) 5.254 million shares (same)
• Gannett Co. (NYSE: GCI) 3.447 million shares (same)
• General Electric Corp. (NYSE: GE) 7.777 million shares (same Sept., but now more)
• GlaxoSmithkline (NYSE: GSK) 1.51 million shares (same)
• Home Depot Inc. (NYSE: HD) 3.7 Million shares; Down from 4,181,000 in June

Eaton Corp. (NYSE: ETN) was also listed as a new position for Berkshire, with more than 2.9 million shares being listed as the new position.

BUFFETT’S HOLDINGS “I to S”
BUFFETT’s HOLDINGS “T to Z”

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Jon C. Ogg
November 14, 2008