Billionaire Warren Buffett Buys More Apple, Sells Shares of Wal-Mart

Warren Buffett Cuts Position in Charter Communications Inc. (NASDAQ:CHTR)

– Shares Owned by Berkshire Hathaway (as of June 30): 9.34 Million

– Value of Berkshire Hathaway (as of June 30): $2.13 Billion

The Oracle of Omaha also cut his firm’s position in Charter Communications Inc. (NASDAQ:CHTR) by around 9% during the June quarter to 9.34 million shares. The holding was worth $2.13 billion on June 30, constituting 1.7% of the holding company’s equity portfolio. Earlier this year, Charter Communications completed the cash-and-stock acquisition of Time Warner Cable, initially valued at around $55 billion. As part of the deal, Charter also acquired a smaller operator called Bright House Networks LLC. The combined cable giant currently represents the second-biggest broadband provider in the United States and the nation’s third-largest pay-TV company. Charter has been attempting to sign up more people for cable amid fast-intensifying competition from online-streaming services. On a reported basis, the company posted a profit of $3.07 billion for the second quarter, as compared to a loss of $122 million recorded a year ago. Stephen Mandel’s Lone Pine Capital reported ownership of 4.79 million shares of Charter Communications Inc. (NASDAQ:CHTR) through the latest round of 13Fs.