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Berkshire Hathaway Increases Stakes In IBM, US Bancorp And Wells Fargo

Berkshire HathawayBerkshire Hathaway recently celebrated 50 years of business under the leadership of Warren Buffett. Over the last five decades, Buffett has used his uncanny skill to pick the best investments in the market and has turned Berkshire Hathaway into one of the most respected companies in the world.

Buffett admits that he spends as many as 5 hours per day reading everything he can get his hands on to keep himself updated with current financial trends. He reads a selection of daily newspapers religious along with annual reports and financial statements to give him insight into the best investments on the market.

His personal investments have brought him enormous dividends and this year Berkshire Hathaway has decided to increase its shareholding in some of Buffet’s key companies.

During the 1st quarter of 2015, Berkshire Hathaway increased its stakes in IBM, US Bancorp and Wells Fargo as they believe these companies are about to hit a growth curve in the near future. Some of Buffett’s choices over the years have surprised other investors as on paper those stocks do not look to be a good bet. Yet Buffet’s uncanny intuition for investment has paid off time and again and Berkshire Hathaway has decided to follow Buffet’s personal stock preferences once again.

Buffet has increased his personal stake in IBM to 79.6 million shares during the 1st quarter of 2015, an increase of 3.4%. He also increased his personal stake in U.S. Bancorp by 4.6% bringing his total number of shares to 83.7 million which is estimated to be more than $3 billion. His stake in Wells Fargo was increased by 1.5% bringing his total number of shares to 470 million shares which is estimated to be around $25 billion. Buffet buying more shares in IBM after it experienced a revenue slump surprised many but the billionaire believes it is a sound investment for the future.

While Berkshire Hathaway increased its stakes in Buffet’s personal preferences, it also cut down its stakes in a number of companies during the 1st quarter. The company significantly reduced its holding in Bank of New York Mellon Corp and Viacom Inc. The biggest reduction made by Berkshire Hathaway during the 1st quarter was with National Oilwell Varco, where the company reduced its stake by as much as 62% and now has just 1.98 million shares which is estimated to be around $100 million.


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