Warren Buffett’s Berkshire Hathaway significantly upped its stake in both Visa and Mastercard in the third quarter, while also ramping up its investment in embattled automaker General Motors.
Berkshire upped its Visa stake by 20% and its Mastercard stake by 16%, according to an SEC filing, CNN Money reported. Berkshire also increased its stake in General Motors, despite GM’s widespread recall issues, buying about seven million shares in the quarter — a 21% increase.
Other companies in which Berkshire upped its stakes: Charter Communications and DirectTV. You can read Berkshire’s full holdings disclosure here.