Buffett's Berkshire Hathaway Increases BNSF Stake

Berkshire Hathaway, the firm owned by billionaire Warren Buffett, has increased its stake in Burlington Northern Santa Fe Corp., the second largest U.S. railroad, Bloomberg News reported.

Berkshire said in a regulatory that it bought 1.62 million more shares of the Fort Worth, Texas-based carrier, Bloomberg said Wednesday. Berkshire Hathaway now holds about 40.6 million of BNSF’s 360.8 million outstanding shares.

The company paid between $79.45 to $80.40 each for the BNSF shares, which it acquired in three separate transactions that took place Aug. 3, 6, and 7, Bloomberg reported.

Berkshire is the single largest BNSF stakeholder.

Buffett also owns McLane Co., No. 6 on the Transport Topics Private 100 listing of private North American carriers, and trailer leasing company Xtra Corp.