Berkshire Hathaway Cuts Stake in U.S. Bancorp By More Than Half

A new filing indicates that


Berkshire Hathaway


cut its stake in


U.S. Bancorp


by 56% to 52.5 million shares that are now worth $2.4 billion.

In a form 13-G filing dated Thursday, Berkshire Hathaway (BRK.A, BRK.B) reported the holding of 52.5 million shares of U.S. Bancorp (USB) on Oct. 31, down from 119.8 million shares on June 30. Berkshire now owns 3.5% stake in the large Minneapolis-based regional bank, down from 8%.