In its Form 13F filing released after the market closed today, Berkshire Hathaway reported that it sold approximately 30% of its stake in IBM (NYSE:IBM) for about $2.5 billion, and purchased an additional $600 million of Apple (NASDAQ:AAPL) during the…
In its Form 13F filing released after the market closed today, Berkshire Hathaway reported that it sold approximately 30% of its stake in IBM (NYSE:IBM) for about $2.5 billion, and purchased an additional $600 million of Apple (NASDAQ:AAPL) during the third quarter of 2017. The sale of 17 million shares of IBM were at an approximate price of $150 per share, which was below Berkshire’s average cost of $170 per share.
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Berkshire also increased its positions in Monsanto (NYSE:MON) and Synchrony Financial (NYSE:SYF) by about $100 million each.
Berkshire also decreased its stake in Charter Communications (NASDAQ:CHTR) by about $300 million and Wells Fargo (NYSE:WFC) by about $175 million.
