Buffett's Berkshire Hathaway Adds Apple and Teva Shares, Dumps IBM

Berkshire Hathaway Vice Chairman Charlie Munger. More

Famed investor Mark Cuban says it will produce "the world's first trillionaires", but that should still leave plenty of money for regular investors who make the right trades early.

Shares of the drugmaker, Israel's ailing Teva Pharmaceutical Industries Ltd., surged the most in two months after Berkshire disclosed in a filing it had bought about $350 million worth of shares.

Combined, IBM's "strategic imperatives" experienced 17% growth in fourth quarter revenue year-over-year, while revenue from its cloud sector leapt 30% in the latest quarter compared with the previous year.

Berkshire Hathaway is trading at a lower price-to-earnings ratio than National Interstate, indicating that it is now the more affordable of the two stocks. Vetr raised Berkshire Hathaway from a "hold" rating to a "buy" rating and set a $212.93 target price on the stock in a research report on Monday.

Aside from Berkshire Hathaway's tech stock dealings, the U.S. investment firm's decision to buy a stake in Teva came with a purchase of 18.9 million shares, which are worth in the region of $358 million. He added that he'd never sold a share of Apple. Revenue was $3.21 billion. Combs and Weschler are generally responsible for Berkshire's smaller investments. Berkshire was close to break-even on IBM when the selling began.

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Berkshire's Apple stake grew by about 23% since the end of September to roughly 165.3 million shares worth $28 billion.

Berkshire had been gradually unloading its IBM (NYSE:IBM) stake for some time.

"IBM is a big strong company, but they've got big strong competitors too", Buffett told CNBC previous year. During the quarter, Berkshire unloaded 94% of its remaining IBM stake, and now owns just 0.2% of Big Blue worth $314 million. It also trimmed its Wells Fargo (NYSE: WFC) stake by six million shares to 458 million, and its stake in General Motors (NYSE: GM) by 10 million shares, to 50 million. Berkshire resumed buying shares later. "We are committed to running our assets safely and reliably, growing our Midstream and Chemicals businesses, enhancing our Refining and Marketing returns, and rewarding our shareholders through a secure, competitive and growing dividend along with continued share repurchases".

Earlier this year, the company lost as much as $2.4 billion on paper thanks to Wells Fargo's stock slumped, which occurred after the bank received a rare growth ban from the Federal Reserve.

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