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Berkshire Reports New Stakes in DaVita, Liberty Media

By WSJ Staff

By Erik Holm

Warren Buffett’s Berkshire Hathaway Inc. (BRKA, BRKB) revealed new investments in DaVita and Liberty Media, though both holdings were small enough to suggest they may not have been made by the company’s famed leader.

Bloomberg News

Berkshire held 2.68 million shares of DaVita, one of the largest U.S. providers of dialysis services, as of Dec. 31, according to a regulatory filing released Tuesday. The stake was worth $203 million.

The 1.7 million Liberty Media shares were valued at $132 million at the end of the year. The company is a media conglomerate controlled by John Malone.

In addition, Omaha, Neb.-based Berkshire more than quadrupled its stake in DirecTV, holding shares valued at $870 million at yearend.

All three companies have been favorites of new Berkshire investment manager Ted Weschler. His hedge fund, Peninsula Capital Advisors LLC, owned the stocks last year before he began winding down the fund to join Buffett’s conglomerate.

Buffett had said Weschler would join Berkshire in early 2012, but some of his stock picks appear to have arrived in Berkshire’s portfolio before he did.

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