Warren Buffett sold off a third of his 81 million shares of IBM stock in the first two quarters of 2017, the famed investor tells CNBC. At the end of 2016, Buffett's Berkshire Hathaway was the single biggest shareholder in IBM.
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Warren Buffett, IBM's biggest believer, sold a third of his stock in the company (IBM, AMZN)
Berkshire Hathaway still owns 50 million IBM shares.
Berkshire Hathaway still owns 50 million IBM shares, he says. However, in mid-April, a Markets Insider analysis found that Buffett's IBM investment had lost $787 million in value since he first invested circa 2011.
The reason for the IBM sell-off: He's "revalued it somewhat downward" from six years ago, when he first bought into the company, as "
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