Teva, Apple shares rip higher after Warren Buffett's Berkshire discloses investments

Ivan Schwartz
February 17, 2018

(BRK.A) bought more shares of Apple Inc.

Fortunately, big investors like Buffett file a 13F report with the Securities and Exchange Commission each quarter that shows what they've been up to.

Teva, the world's No. 1 generic drugmaker, this week detailed a two-year timeline for turning its business around after being hit by competition in its core generic business, the loss of patent protection on its multiple sclerosis drug Copaxone and a more than US$30b debt load from its acquisition of Allergan's generics business.

IBM was always a curiosity for Warren Buffett followers. Buffett has steadily increased his stake in Apple after making its first investment in 2016 worth $1 billion.

The quarterly filing also showed Berkshire increased its holdings of Apple by 23.3 percent. Buffett is already one of Apple's biggest investors, although he does not own an iPhone. With about 1.9% of Teva's USA -traded shares, Berkshire became the tenth-biggest shareholder in the world's largest manufacturer of generic medicines. He has previously noted that the stock has disappointed him over the years. 83 funds opened new Wells Fargo & CompanyMn stakes, 778 increased positions. And its financial position is set to dramatically improve in the wake of tax reform. Date of activity: December31, 2017.

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Billionaire investor Warren Buffet is dumping IBM stock to buy into a drugs company as part of a new focus on healthcare. It offers investment management, trust and custody, fund administration, securities lending, global payments and cash management, banking, and clearing services to its clients. The firm also provides ancillary services, including capital markets, treasury management, and receivable lock-box collection services to corporate customers; and a range of asset management and fiduciary services for individuals, estates, foundations, business firms, and charitable organizations.

IBD'S TAKE: The stock market has been very volatile lately.

Last month, Berkshire said it would work with Amazon.com and JPMorgan Chase & Co to create their own healthcare company. The conglomerate also upped its stake in BK by about 20% during the fourth quarter, buying a number of shares between $51 and $55. Berkshire said it held 18.9 million shares of Teva at the end of the year, worth about US$360 million.

Berkshire Hathaway Inc reported SC 13G/A form with the SEC for Us Bancorp. "Although the near-term pressure on the topline is expected to continue, given the ongoing pressure in its United States generics business and the incremental generic competition to the Copaxone franchise, Teva's core generics franchise benefits from scale, durability, and the ability to develop complex generic drugs".

If Teva Pharmaceutical can execute on a major restructuring of its business, then he might be right. The "Oracle of Omaha" has made his fortunes through long-term value investing and possesses a track record that speaks for itself. Agf Invs Inc has invested 0.27% in Wells Fargo & Company (NYSE:WFC).

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