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Thursday, 15 November 2012

Buffett's Berkshire hikes Wells Fargo, IBM stakes


Warren Buffett's Berkshire Hathaway disclosed that it raised its stake in Wells Fargo & Co. WFC -1.84% by 11 million to
422.5 million shares in the third quarter. It also bought 872,500 additional IBM IBM -1.49% shares and added nearly 4
million shares of Deere & Co.However, it reduced stakes in ConocoPhillips , Johnson & Johnson , Kraft Food Group ,
U.S. Bancorp USB -1.20% , and Procter & Gamble Co. PG -0.48% . Berkshire's 13F filing did not list stakes in CVS
Caremark Corp. CVS -1.77% and Ingersoll-Rand Co. IR -1.74% , two companies that were included in its 13F for the
second quarter.

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