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Tuesday, 14 February 2017

Warren Buffett's Berkshire Hathaway is investing billions in airline stocks (AAPL, LUV, DAL, AAL, BRK, WFC, KO, IBM, AXP, WMT)


Warren Buffett coke

Berkshire hiked its holding of Apple shares by 277%.

Warren Buffett's Berkshire Hathaway upped its shareholdings in various airlines during the fourth quarter, according to a regulatory filing published Tuesday February 14.

The 13-F filing showed that Berkshire took a new position in Southwest Airlines, buying 43.2 million shares valued at $2.15 billion.

Meanwhile, the company increased its stake in Delta Air Lines by 848% to 60 million shares worth $2.95 billion. Berkshire also raised its stake in American Airlines.

Buffett continued to load up on airline stocks even after calling the sector a "death trap for investors" during the 2013 annual shareholder meeting.

Berkshire hiked its ownership in Apple by 277%, buying 42.1 million shares valued at $6.64 billion.

Buffett's most valuable holding remained Kraft Heinz, and no change was made to the stake worth $28.4 billion. Wells Fargo, Coca-Cola, IBM, and American Express also remained top holdings.

Berkshire dumped nearly all its Walmart shares, cutting its stake by 89%.

Berkshire's combined portfolio gained 15% during the fourth quarter. The benchmark S&P 500 index of US stocks gained 3.3%.

Major investment firms including hedge funds are required to disclose their long positions in stocks every quarter. Because of a time lag, these positions may have changed or been closed by the time the filings are made.



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