Warren Buffett Made $900 Million From This Best Performing Dow Component

American Express (AXP) is the best performing Dow component during the second quarter. AXP increased more than $6 per share or 13.5% since the end of March. AXP wasn’t one of the most popular stocks among hedge funds at the end of first quarter. However the following hedge funds bet significant amounts on AXP:

1.Berkshire Hathaway – Warren Buffett: Berkshire had nearly 152 Million shares of AXP and they made more than $900 Million during the second quarter.

2. First Eagle Investment Management – Jean-Marie Eveillard: First Eagle had 11.8 Million shares of AXP and they made nearly $71 Million from this investment.

3. Legg Mason Capital Management – Bill Miller: Bill Miller finally got something right. His 5.4 Million share position made more than $32 Million during the second quarter.

4. Citadel Investment Group – Ken Griffin: Griffin’s Citadel had 3.3 Million shares of American Express which made them $20 Million.

5. Carlson Capital – Clint Carlson: Clint Carlson had nearly 1.2 Million shares in AXP which made him $7 Million.