What Warren Buffett Buy now

Warren Buffett’s Berkshire Hathaway Inc has sold another large piece (32 % about 37 million shares ) of its stake in IBM Corp, backing further away from an investment that the billionaire has admitted was not one of his best.

Berkshire also boosted its stake in Apple Inc 3 per cent to 134.1 million shares worth $20.7 billion, and became Bank of America Corp’s largest shareholder by exercising warrants for 700 million shares.

Mr Buffett said “IBM is a big strong company, but they’ve got big strong competitors, too,” he said.

For the third quarter, Berkshire also reported lower stakes in Wells Fargo & Co and cable TV company Charter Communications Inc , and higher stakes in seed company Monsanto Co and credit card issuer Synchrony Financial .