Buffett's Berkshire slashes IBM stake, adds to Apple

Berkshire Hathaway chairman and CEO Warren Buffett talks with a reporter before the Berkshire Hathaway annual meeting in Omaha Nebraska U

Berkshire Hathaway chairman and CEO Warren Buffett talks with a reporter before the Berkshire Hathaway annual meeting in Omaha Nebraska U

The fair value of all equity securities was listed as $157.65 billion in the quarterly earnings report, with more than $82.2 billion being unrealized gains. Berkshire boosted its holding in Apple by about 4 million shares. That stake is a massive 679,000,000 shares.

Wells Fargo was trimmed by just over 3.75 million shares.

IBM, whose full name is International Business Machines Corp, accounted for most of the stock sales that Buffett and his deputies Todd Combs and Ted Weschler made in the quarter.

Berkshire reduced its IBM stake 32 percent in the third quarter to about 37 million shares from 54.1 million shares, according to a quarterly regulatory filing on Tuesday detailing Berkshire's US -listed stock holdings.

Buffett snapped up 3.9 million more shares of Apple, bringing its stake to just over 134 million, a position valued at $20.7 billion at the end of the quarter, the filing shows.

The Kraft Heinz Company (NASDAQ: KHC) is also a continued massive holding that is outside of the normal book-keeping in the largest stock holdings. Its earnings determined under the equity method for the first nine months were $800 million in 2017 and $671 million in 2016; and Team Buffett received dividends of $594 million in the first nine months of 2017 and $561 million in the first nine months of 2016.

Charter Communications Inc. (NASDAQ: CHTR) was a stake that was lowered to 8.49 million shares at the end of the third quarter from 9.44 million at the end of the second quarter.

It also no longer reported a stake in Wabco Holdings Inc, which sells brake and suspension systems for commercial vehicles.

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