Buffett’s Wells Fargo Bet Helps Berkshire Beat S&P as IBM Trails

Buffett’s Wells Fargo Bet Helps Berkshire Beat S&P as IBM Trails

Andrew Harrer/Bloomberg

Wells Fargo & Co., the biggest U.S. home lender and one of the best performing financial stocks in the equity benchmark, has averaged about 17 percent of Berkshire Hathaway Inc.’s equity portfolio this year, according to data compiled by Bloomberg.