Wells Fargo & Co (WFC), American Express Company (AXP): Five Stocks With a Lot of Upside According to Bullish Billionaires

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Although the number of billionaires invested in Berkshire Hathaway Inc. (NYSE:BRK.B) stood at a modest number of 6, with the total value of their stakes amounting to $13.35 billion, the hedge fund interest in the holding company is staggering. A total of 78 hedge funds have positions valued at $21.41 billion in Warren Buffett’s firm. The Bill & Melinda Foundation Trust shed off about 5 million shares of Berkshire from its portfolio, but the position, much of which was donated to the Trust by Buffett himself, still amounts to 78.63 million shares valued at $11.81 billion, 59.04% of the Trust’s equity portfolio, versus 53.21% at the end of the third quarter.

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Despite a nearly 12% drop in International Business Machines Corp. (NYSE:IBM)‘s stock price, 10 billionaires have piled about $13.34 billion into the ailing information technology company. One of the reasons is the cheap price of the stock for long term gains as the company is transitioning towards cloud computing and data analytics from more traditional services and hardware businesses.

Warren Buffet considerably increased his stake in the company by 10% during the October-December period. Berkshire held 76.97 million shares valued at $12.35 billion at the end of the fourth quarter. David Shaw also increased his stake in International Business Machines Corp. (NYSE:IBM) by a whopping 153% during the last quarter. By the end of the calendar year his position of 3.37 million shares was valued at $540.73 million.

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