5 Stocks Warren Buffett Sold

4. AbbVie Inc. (NYSE:ABBV)

Stock returns since Warren Buffett sold: 6.2%
SPY total return in the same period (annualized return): -10.2%
Number of Hedge Fund Holders: 73

AbbVie Inc. (NYSE:ABBV) is one of the big firms in the global biopharmaceutical industry. It develops and manufactures various prescription drugs for indications like cancer, hepatitis C, and rheumatoid arthritis. Berkshire Hathaway bought over $410 million worth of shares in AbbVie Inc. (NYSE:ABBV) in 2021 but offloaded the entire stake by the end of 2021. As of May 12, 2023, ABBV stock had increased by 8.7% since Dec 31, 2021.

Overall, 73 hedge funds monitored by Insider Monkey were bullish on AbbVie Inc. (NYSE:ABBV) in the fourth quarter of 2022. The stakes of these funds are valued at $ 1.53 billion.

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