Home Depot can’t help Warren Buffett.
Berkshire Hathaway , the Omaha, Neb., company run by the billionaire investor, sold its entire Home Depot stake in the third quarter, according to a filing Monday with the Securities and Exchange Commission.
Berkshire held 2.8 million Home Depot shares at June 30 and held as many as 5 million shares over the past decade, but didn’t list the Atlanta-based retailer in its quarter-end holdings.
Berkshire’s quarterly filings detailing its investments are closely scrutinized because investors in Berkshire have received 20% compounded annually for more than 40 years, in part due to Buffett’s success as a stockpicker.
Home Depot isn’t alone in disappearing from Buffett’s portfolio. Berkshire also sold its holdings in auto dealer Carmax , document company Iron Mountain , energy provider NRG and garbage collector Republic Services . The positions Berkshire sold were worth $860 million at June 30.
Berkshire added to its position in Wells Fargo , the San Francisco bank that is the No. 3 U.S. mortgage player. It bought around 11 million shares during the third quarter, giving it more than 300 million shares.