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Billionaire Warren Buffett traded stocks from his personal investment account that his company Berkshire Hathaway
BRK.B,
was also buying and selling, according to a Thursday report from ProPublica.
The report, which cites leaked data from the Internal Revenue Service, claims Buffett traded equities in his personal account during the same quarter or the quarter prior, before Berkshire Hathaway
BRK.A,
traded those same stocks in 2009 and 2012. Companies that Buffett and Berkshire both traded in that period included Walmart
WMT,
Wells Fargo
WFC,
and Johnson & Johnson
JNJ,
Buffett has publicly said that he is not interested in investing in stocks that may be deemed a conflict of interest with Berkshire Hathaway.
“I try to stay away from anything that could conflict with Berkshire,” Buffett said during the company’s annual meeting in 2016.
“I can’t be buying what Berkshire is buying,” he also said in 2012.
Representatives for Berkshire Hathaway did not immediately respond to MarketWatch’s request for comment.
The 93-year old “Oracle of Omaha” has publicly stated that he has a private investment account that is separate from his company’s holdings, which as a publicly traded entity are required to disclose its holdings on a quarterly basis.
Buffett has a net worth of $116.4 billion, according to Forbes, the fifth largest in the world.
Berkshire Hathaway ended the third quarter with a record cash pile of $157.2 billion, boosted by high interest rates. The company’s stock carries a market cap of $755 billion and is up 15.02% over the last 12 months.
See also: Why Warren Buffett has done more to educate investors than any other corporate executive
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