Buffett's Berkshire reduces stake in Goldman Sachs, Wal-Mart

Warren Buffett’s Berkshire Hathaway Inc. reduced its investments in Goldman Sachs Group Inc. and Wal-Mart Stores Inc. as the billionaire freed up cash ahead of the completion of one of his largest acquisitions.

The company's stake in Goldman Sachs dropped to 11 million shares as of Sept. 30, compared to 12.6 million three months earlier. Its stake in Wal-Mart fell to 56.2 million shares from 60.4 million.

Buffett agreed in August to buy aerospace-equipment maker Precision Castparts Corp. for more than $30 billion.

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