Warren Buffett's Berkshire Hathaway did a lot of selling this spring, slashing its holdings in a trio of consumer product companies.
Most notably, it reduced its holdings of Johnson & Johnson (JNJ) by almost 19 million shares to 10.3 million shares as of June 30.
That's a drop of 64 percent compared to its holdings just three months before.
The shares that were sold are worth almost $1.3 billion at the stock's current price.
In another large cut reported in the company's 13-F filing with the SEC, Berkshire reduced its holdings of Procter & Gamble (PG) by 19 percent, or about $910 million. It held 59.6 million shares as of the end of June.
Kraft Foods (KFT) was also cut dramatically, with a 25 percent reduction worth $784 million. (Read More: Berkshire Hathaway's Biggest Holdings)
Some other big names were also targeted, although the dollar amounts aren't as big.
Berkshire eliminated its 7.745 million share stake in Intel (INTC), worth over $204 million.
It almost entirely got rid of its relatively small Ingersoll-Rand (IR) stake, chopping it by 97 percent, or around $28 million.
Also cut: General Electric (GE). That stake was reduced by 36 percent to just over 5 million shares, a drop of about $58 million.
It wasn't all selling.
Berkshire added a stake now worth about $1 billion in Phillips 66 (PSX).
National Oil Well Varco (NOV) is another addition. That holding is worth almost $216 million.
Berkshire also more than quadrupled its stake in Viacom (VIA) to 6.8 million shares from 1.6 million. Those holdings are now worth about $335 million.
It also more than tripled its holdings of Bank of New York Mellon (BK) to 18.7 million shares from 5.6 million. It's now worth almost $290 million.
Berkshire also reports increases for DaVita (DVA), Directv (DTV), Wells Fargo (WFC), and IBM (IBM).
ADDITIONAL REDUCTIONS:
United Parcel Service, down 82 percent or $89 million.
(UPS)
Visa, down 27 percent or $102 million.
(V)
CVS Caremark, down 25 percent or $79 million.
(CVS)
Verisk Analytics, down 16 percent or $17 million.
(VRSK)
Dollar General, down 9 percent or $16 million.
(DG)
US Bancorp, down 4 percent or $100 million.
(USB)
ConocoPhillips, down 1 percent, or $13 million.
(COP)
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