Buffett Increases Wells Fargo, U.S. Bancorp, IBM Holdings
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Berkshire Hathaway Inc. increased its holdings in some of billionaire Chairman Warren Buffett’s favorite companies in the first quarter, including Wells Fargo & Co. and International Business Machines Corp.
Berkshire also added to its stake in U.S. Bancorp, according to a regulatory filing Friday detailing its U.S. stock portfolio as of March 31. Buffett’s deputies pared holdings in stocks including National Oilwell Varco Inc. No new companies were listed in the portfolio.