5 Stocks Warren Buffett Sold

3. Biogen Inc. (NASDAQ:BIIB)

Stock returns since Warren Buffett sold: 11.91%
SPY total return in the same period (annualized return): 3.94%
Number of Hedge Fund Holders: 75

Biogen Inc. (NASDAQ:BIIB) stock has been polarizing due to controversy surrounding Aduhelm’s accelerated approval, causing the stock to give back much of its gains.

Buffett’s fund initially acquired a position in the company during Q4 2019 and subsequently sold its stake in Biogen Inc. (NASDAQ:BIIB) during Q2 2021. As of the end of the fourth quarter, 75 hedge funds in Insider Monkey’s database held stakes in Biogen Inc. (NASDAQ:BIIB), an increase as compared to 70 funds in the preceding quarter.

Follow Biogen Inc. (NASDAQ:BIIB)