Insight on why Warren Buffett, Berkshire Hathaway chairman/CEO has bought about $10.7 billion in IBM stock and 64 million shares of the company this year. According to my calculations, IBM is now the largest holding in Berkshire Hathaway’s portfolio after Coca-Cola. Buffett also purchased more Wells Fargo, which is the third largest holding.
Since the financial crisis, Warren Buffett's Berkshire Hathaway has had significant exposure to financial stocks in its portfolio. Q1 2021 hedge fund letters, conferences and more At the end of March this year, Bank of America accounted for nearly 15% of the conglomerate's vast equity portfolio. Until very recently, Wells Fargo was also a prominent Read More