IBM Pension Fund sells most IBM shares
When Warren Buffett, the celebrated investor, billionaire, and chairman of Berkshire Hathaway, makes an investment move, thousands of investors around the globe instantly follow suit. The investment guru is known for his level-headed approach and for his long-range planning, and when he makes a major shift in his positions it tends to draw attention. That was the case in recent months with IBM. Buffett has long been a vocal supporter of the tech giant, and so it shocked many of his followers when he sold off stock in the company. As is the case with most stocks that Buffett holds positions in, there was speculation as to whether or not the billionaire’s shifting interests would spur a larger-scale downshift in investor interest. It seems that has come to pass in at least one potentially embarrassing area: International Business Machines’ own pension fund has also recently sold off most of its stake in its parent company stock, according to recent filings.
Full Content: Investopedia
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