Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

14 Feb by Vitaliy Dadalyan

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Share the love y'all!

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakesIn a regulatory filing detailing its U.S.-listed investments as of Dec. 31, Berkshire also said it took a new 648,000 share stake in drugmaker Biogen Inc worth $192.4 million, and significantly reduced its stakes in two major banks, Wells Fargo & Co and Goldman Sachs Group Inc. Berkshire has sold more than 86 million shares, or 21%, of its Wells Fargo stake since June 30, as the bank tries to restore its reputation following scandals over its mistreatment of customers. Berkshire began investing in Wells Fargo in 1989.