Berkshire Hathaway Inc. (BRKA, BRKB) sold its stakes in defense contractor General Dynamics Corp. (GD) and agricultural giant Archer Daniels Midland Co. (ADM) in the first quarter, the Omaha, Neb., company said in a regulatory filing Wednesday.

The company also purchased a stake Chicago Bridge & Iron Co. (CBI), a Netherlands engineering firm, and added to its stakes in existing holdings including International Business Machines Corp. (IBM), Wells Fargo & Co. (WFC), DirecTV (DTV) and Wal-Mart Stores Inc. (WMT).

Berkshire's chief executive and controlling shareholder is Warren Buffett, a billionaire investor whose stock picks are widely followed in the market thanks to his 48-year record at Berkshire of posting 20% annualized returns.

Write to Anupreeta Das at anupreeta.das@wsj.com

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