Warren Buffett Can’t Stop Buying These Shares, Plus the Latest Moves of David Abrams and Nathaniel August

Nathaniel August is still bullish on SunCoke Energy Inc (NYSE:SXC), having further increased his stake recently. He initiated the investment during the third quarter, amassing 1.78 million shares by the end of September. According to a recent Form 4 filing with the SEC, his fund, Mangrove Partners, now holds 6.67 million shares or 10.4% of the company’s common stock, having acquired 45,100 shares on Tuesday.

August is also interested in Asta Funding, Inc. (NASDAQ:ASFI), having reported several transactions involving that stock since the start of the year. According to its latest 13G filing, Mangrove Partners holds 1.49 million shares of the stock, up by 25% from the amount reported in its latest 13F filing. At the end of the third quarter Mangrove’s biggest bet was Hudson City Bancorp, Inc. (NASDAQ:HCBK), a bank holding company that recently merged with M&T Bank Corporation (NYSE:MTB). Several other financial stocks can be found among Mangrove Partners’ top holdings, as 36% of its portfolio is invested in the financial sector.

According to its latest Form 4 filing, Warren Buffett’s Berkshire Hathaway acquired 902,442 shares of Phillips 66 (NYSE:PSX) on Monday at prices varying between $74.41 and $77.50 per unit, lifting its investment to more than 66.5 million shares. As a result, Buffett now holds roughly 12.4% of the company’s common stock. Phillips 66 is a spinoff from ConocoPhillips (NYSE:COP) that operates chemicals and oil refining businesses.

The Wizard of Omaha is still relying heavily on Wells Fargo & Co (NYSE:WFC), with Berkshire Hathaway holding more than 470 million shares of the banking company. The most notable additions made by Buffett during the third quarter are the above-mentioned Phillips 66 (NYSE:PSX) and Kraft Heinz Co (NASDAQ:KHC), both making it to the investors’ top-ten holdings. According to its latest 13F filing, Berkshire held 325 million shares of Kraft Heinz, a company “created” by Buffett. Together with 3G Capital, Buffett took Heinz private in 2013 in a deal worth $23 billion. Last year, the company merged with Kraft Foods, thus creating Kraft Heinz, an $86 billion behemoth.

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