War­ren Buf­fett sells off more IBM shares

Times Colonist - - Business -

OMAHA, Ne­braska — 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.

Berk­shire Hathaway Inc. 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 per cent 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.

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