Alaska Sold Berkshire Hathaway, Oracle Stock; Bought Wireless-Tower Shares [telecom]

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By Ed Lin

A major Alaskan agency recently made big changes in its largest stock investments.

Alaska's Department of Revenue, which collects and invests public funds, cut back in Class B shares of Warren Buffett's Berkshire Hathaway (ticker: Berkshire Hathaway ), and reduced its position in Oracle (ORCL) stock in the first quarter. The agency also increased investments in the three publicly traded wireless-tower stocks: American Tower REIT (AMT), Crown Castle International (CCI), and SBA Communications (SBAC) during the period. The trades, among others, were disclosed in a form the agency filed with the Securities and Exchange Commission.