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Investing

Buffett Trims Some Rail Holdings (UNP, NSC, BNI, BRK-A)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

It appears Warren Buffett may have cooled a bit toward the railroad sector.  An SEC filing Monday evening showed that Bekshire Hathaway (NYSE:BRK-A) trimmed a 10.5 million share stake of Union Pacific (NYSE:UNP) down to 7.411 million shares.  It also lowered its prior 6.4 million share stake in Norfolk Southern (NYSE:NSC) to 3.757 million shares.  Unfortunately there is no mention of its 17% stake in Burlington Northern Santa Fe Corp. (NYSE:BNI).

Keep in mind that these positions have a longer lookback date.  The "as of" date here was listed as June 30, 2007, so that is quite a long lookback.  Berkshire Hathaway gets an extended filing because of its position and its confidentiality period ended in these reduced positions.

As energy costs rise, the first place you see the impact is usually in the transportation stocks. Union Pacific shares are indicated down slightly by 0.5% and Norfolk Southern shares are indicated down 1% in thin pre-market volume.

Jon C. Ogg
October 16, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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Douglas A. McIntyre |

CSX Rises, But Shows Why Warren Buffett Is Worried on Rails (CSX, BNI, NSC, UNP, BRK-A)

CSX Corp. (NYSE: CSX) is showing exactly why Warren Buffett has been so pessimistic lately. Q2 2009 earnings were $308…

Douglas A. McIntyre |

Buffett Makes His Whale of an Acquisition (BRK-A, BRK-B, BNI, UNP)

We always knew that Warren Buffett loved the railroad stocks.  We also had for years heard Buffett talk about the…

Douglas A. McIntyre |

If Banks Are Good For Warren Buffett, Are They Good For You? (WFC, USB, BAC, KMX, UNH, WLP, BNI, BRK-A)

Last night came the filing from Berkshire Hathaway (NYSE:BRK-A) showing its public company stock holdings as of September 30, 2007. …

Douglas A. McIntyre |

What Buffett Didn’t Tell You in Latest Holdings (BRK-B, BRK-A, COP, XOM, BDX, JNJ, GCI, MCO, WMT, PG, UNH, WLP, WFC, STI, IRM, RSG, NSC, UNP, NRG)

We already gave a full run-down position by position in the Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) holdings as of…

Douglas A. McIntyre |

Maybe Warren Buffett Prefers Nickel & Dime Railroad Additions Over a Whale of a Deal (BNI, BRK-A)

Shares of Burlington Northern Santa Fe Corp. (NYSE:BNI) are indicated higher Tuesday after Warrner Buffett’s Berkshire Hathaway (NYSE:BRK-A) upped its…

Warren Buffett Has Never Looked This Bearish
John Seetoo |

Warren Buffett Has Never Looked This Bearish

When Warren Buffett began selling off Berkshire Hathaway’s (NYSE: BRK-B) | BRK-B Price Prediction  stakes in Apple and Bank of…

Jon C. Ogg |

Rail Dividends Trending Higher, 2011 Outlook (UNP, GSH, NSC, CSX, CNI, CP, BRK-A, BRK-B)

It turns out that Warren Buffett was right about railroads. They are part of a country’s fabric, and their place…

Jon C. Ogg |

Whale Watching Stocks: Paulson, Soros, Berkowitz, Icahn, Einhorn (GLD, HPQ, RIG, BAC, JPM, WFC, C, AAPL, BBY, WMT, MA, AIG, BAM, CSCO, SHLD, GGP, GE, DYN, AMGN, SUG, CVS, GM)

Jon OggWe have already seen (some) of the position changes of Warren Buffett, but the old guy wouldn’t share many ‘confidential…

Douglas A. McIntyre |

Union Pacific Warning, Warren Buffett Can Buy Rails Cheaper (UNP, CSX, BNI, NSC, CNI, BRK/A)

Union Pacific Corp. (NYSE:UNP) has just lowered earnings guidance for its fourth quarter 2007.  It said earnings will be reduced…

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