The Oracle of Omaha likes Liberty Media’s John Malone. But based on the Q2 investment report from his company, Berkshire Hathaway, they don’t see eye-to-eye on everything. Warren Buffett’s team bought a $365.7M stake in Charter Communications — a vote of confidence in the cable company where Malone’s the largest investor. Buffett also bought 2.6M class A shares valued at $111.4M of Malone’s overseas cable company, Liberty Global, adding to his previous holdings in class A and C shares, together worth about about $635.7M.
But the legendary value investor unloaded his 1.9M shares of Starz – where Malone controls 45.5% of the voting shares — that had been valued at nearly $62M at the end of Q1. He also sold 1.3M shares in Liberty, about $162M, leaving him with 4M shares.
Meanwhile, today’s filing also shows Buffett losing interest in DirecTV. He cut his holdings by about 11M shares, a reduction of $642.6M based on the values Berkshire Hathaway reported in the two quarterly reports. The firm still has 7.6M shares of Viacom ($659.8M), unchanged.