Warren Buffett's Berkshire Hathaway cuts stakes in Goldman Sachs and Wal-Mart

Warren Buffett’s Berkshire Hathaway has reduced its investments in Goldman Sachs and Wal-Mart stores, as the billionaire freed up cash to pay for one of his largest acquisitions.

Berkshire had about 11m shares of Goldman Sachs as of September 30, compared with 12.6m three months earlier, according to a filing yesterday.

The stake in Wal-Mart fell to 56.2m shares from 60.4m. Mr Buffett agreed to buy aerospace-equipment maker Precision Castparts in August for more than $30bn (€27.8bn).