Berkshire Hathaway’s Holdings: Bye-Bye Intel
Buffett axed the tech company but increased its stake elsewhere
Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A, BRK.B) portfolio has seen some changes of late. Intel (NASDAQ:INTL), for one, got the axe.
Visa (NYSE:V), on the other hand, saw its stake trimmed. And Wells Fargo (NYSE:WFC) saw its stake increase even more. Berkshire is now the biggest shareholder of the bank, with over 400 million shares.
Buffett has also been trimming back its shares of consumer stocks like Johnson & Johnson (NYSE:JNJ), Procter & Gamble (NYSE:PG) and Kraft Foods (NASDAQ:KFT). Plus, it recently added shares of newspaper company Lee Enterprises (NYSE:LEE) to its portfolio.
Other holdings in the portfolio include American Express (NYSE:AXP), Wal-Mart (NYSE:WMT), Coca-Cola (NYSE:KO) and Conoco Phillips (NYSE:COP).
For the full list, check out Berkshire’s most recent quarterly report.
Article printed from InvestorPlace Media, http://investorplace.com/2012/08/berkshire-hathaways-holdings-bye-bye-intel/.
©2016 InvestorPlace Media, LLC