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Warren Buffett buys Apple and sells IBM, opens new stake in Bank of America

Berkshire Hathaway Inc. sold shares in International Business Machines Corp. in the latest quarter and bought more stock in Apple Inc. , while opening a new position in Bank of America Corp. In a quarterly filing with the Securities and Exchange Commission, Warren Buffett’s investment firm disclosed that it sold about one-third of its IBM stake, more than 17 million shares, and purchased about 3.9 million Apple shares, which gives Berkshire more than 134 million shares of the iPhone maker in total. Berkshire bought 679 million shares in Bank of America while slightly cutting its stake in Wells Fargo & Co. Berkshire Hathaway stock has gained about 1.6% so far this year, while the S&P 500 index has added 15.5%.

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