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NEW YORK - Billionaire investor Warren Buffet's Berkshire Hathaway Inc. said on Friday the company picked up about 66 million shares of ConocoPhillips stock between March and September, lifting its stake in the company to nearly 6 percent.
| COP | 53.24 |  -2.44 |
In documents filed with the Security and Exchange Commission Friday afternoon, Berkshire Hathaway disclosed that the company more than quadrupled its holdings to 84 million shares of ConocoPhillips by the end of the third quarter.
The filings reveal that Berkshire's stake in ConocoPhillips grew from 17.5 million shares in March to 59.7 million shares in June and about 84 million in September.
In its last quarterly update, Berkshire received permission to conceal the status of its investment in Houston-based ConocoPhillips, the nation's third-largest oil company. Buffett's company often asks the Securities and Exchange Commission for permission to not disclose information that could hurt its trading strategy because the market likes to follow what the "Oracle of Omaha's" company does.
Shares of ConocoPhillips have fallen from $70 per share in March to below $50 per share in recent trading.
On Friday shares closed at $47.39 per share.
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