Berkshire Sold $5 Billion of Financial Stocks, Possibly Citigroup and Bank of NY

Berkshire Hathaway


likely unloaded nearly $5 billion of financial stocks from its portfolio in the third quarter, and two possible candidates for the trimmed positions are


Citigroup


and


Bank of New York

Berkshire Hathaway (ticker:


BRKb


) reported a 20% rise in operating earnings to $7.8 billion in the third quarter on Saturday, and also released its quarterly 10-Q, which has some detail on the company’s equity purchases and sales.