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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