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Warren Buffett

Berkshire Hathaway reduces Goldman Sachs, Wal-Mart stakes

Investor Warren Buffett's company sold some of its Goldman Sachs and Wal-Mart shares during the third quarter, and made several smaller changes to its stock portfolio.

Berkshire Hathaway Inc. filed a report on its U.S. stocks Monday with the Securities and Exchange Commission.

Buffett told CNBC on Monday that the main reason he reduced Berkshire's stakes in Wal-Mart Stores Inc. and Goldman Sachs Group Inc. was to generate cash for his $32 billion acquisition of Precision Castparts Corp. that's expected to close next year.

Buffett did not immediately respond to questions from the AP Monday about the moves made by his Omaha, Nebraska-based conglomerate.