Berkshire: Buffett Buys Millions in Visa and CVS Stock

[Stocks-to-Watch]

Not content to own just Mastercard (MA), Warren Buffett added Visa (V) to Berkshire Hathaway’s (BRKB) portfolio in the third quarter, according to a filing released after the market closed. Buffett reported owning 2.29 million shares of Visa in the quarter. He maintained his stake in MasterCard, which he also added to the portfolio this year, at 405,000 shares.

Buffett also established a stake in CVS Caremark (CVS), reporting ownership of 5.66* million shares at the end of the third quarter.

The total value of Berkshire’s portfolio rose to $59.1 billion from $52.4 billion last quarter.

Buffett also made headlines earlier today by announcing that he had bought IBM (IBM), signalling that he might be warming to tech stocks.



Original Article Source by Barrons.com