Warren Buffett, chief executive of Berkshire Hathaway, has increased his exposure to four 'excellent' US blue-chip stocks, including American Express and IBM.
In his annual letter to shareholders, Buffett (pictured) said he had increased exposure to his 'Big Four' investments; American Express, Coca-Cola, IBM and Wells Fargo. IBM and Wells Fargo were increased via purchasing additional shares; The weighting in IBM increased from 7.8% at the end of 2014 to 8.4%, while Wells Fargo is up from 9.4% to 9.8%. Exposure to Coca-Cola and American Express was increased via stock repurchases, with Coca-Cola increasing from 9.2% to 9.3%, and American Express from 14.8% to 15.6%. Train: The key lessons I have learnt from Warren Buffett Buffett said...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes