Warren Buffett’s Berkshire Hathaway Increases GM Stake To 25 Million Shares2
During the fourth quarter of 2012, investment deity Berkshire Hathaway raised its stake in General Motors from 15 million to 25 million shares, according to a Securities and Exchange Commission filing as reported by The Detroit Free Press.
This makes Berkshire Hathaway’s stake in The General worth a whopping $694 million, based on yesterday’s closing price of $27.75, making it one of GM’s largest shareholders with an ownership share of 2 percent.
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9 months ago he bought 10 million shares at $22. That is a 36% annualized gain if he sold at $28.
Darn good investment.
Two days ago he bought Heinz. The Ketchup people.
But Chevy’s come in more varieties!