Warren Buffett’s Berkshire Hathaway Inc. sold almost its entire stake in International Business Machines Corp. while adding to a holding in Apple Inc. and taking a new position in Teva Pharmaceutical Industries Ltd.
Berkshire’s investment in IBM stood at about 2 million shares at the end of December, according to a regulatory filing Wednesday from the Omaha, Nebraska-based company. That’s down more than 90 percent from three months earlier.
While smaller, Berkshire’s new investment in Israeli drugmaker Teva may capture investor attention. The holding of American depositary receipts were valued at about $365 million on Wednesday.
Berkshire said late last month that it was planning to start a health-care company with JPMorgan Chase & Co. and Amazon.com Inc.
Submitted February 14, 2018 at 04:57PM by COMPUTER1313 http://ift.tt/2o6jbug
