Berkshire Sells More IBM Shares
Berkshire Hathaway Inc., Warren Buffett’s company, sold almost a third of its remaining IBM shares in the third quarter and made several tweaks to its stock investments.
Buffett filed a quarterly snapshot of its portfolio with the Securities and Exchange Commission Tuesday. Investors watch Berkshire’s filings closely because of Buffett’s successful record.
The company sold off nearly 32 percent of its remaining IBM shares to leave it with 37 million shares at the end of the quarter. Before this spring, Berkshire held more than 80 million IBM shares.
During the quarter, Berkshire also added to its investments in Synchrony Financial and Monsanto, and it trimmed its stakes in Wells Fargo and Charter Communications.
Besides investments, Berkshire owns more than 90 companies, including insurance, retail, manufacturing, railroad and candy companies.
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