Warren Buffett pruned Berkshire Hathaway’s () stake in Moody’s once again. The Oracle of Omaha sold 87,992 shares this time. In a regulatory filing with Securities and Exchange Commission, Berkshire Hathaway disclosed that the shares were sold with a weighted average price of US$26.77.

Even after the sale, Berkshire Hathaway remains the largest investors in the credit rating firm with 31.8 million shares or about 13.4 percent stake. However, the shareholding has reduced substantially from the 48 million shares the company had in March this year. Buffett has been strategically offloading Moody’s shares. The sale represented sixth instance since July 2009.

Mandatory regulatory filings are one of the best things to happen when tracking the moves of investing gurus. Corporates or Individuals holding more than 10 percent in a company are required to report their trading activities related to that company. These filings offer a glimpse of the mind of the investor. Although Warren Buffett has been a long time investor with many companies including Coca Cola and American Express, the rampant selling in last nine months is a clear signal of lack of confidence in the company.

Moody’s share price has been affected by dwindling profits and lawsuits. The valuation of Moody’s has nosedived since 2007 whrn the shares were trading around US$75 per unit. More alarmingly, the credit rating firm has been widely criticized about its role in the sub-prime crisis. It might be the criticism which is drifting Buffett away from Moody’s.