Legendary investor Warren Buffett has bet billions on four large pharmaceutical companies amid the pandemic.
The most notable was a new stake worth $136 million in drugmaker Pfizer Inc. (NYSE: PFE), which revealed last week its vaccine candidate was 90% effective against the COVID-19 virus.
Other positions include AbbVie Inc. (NYSE: ABBV), Bristol-Myers Squibb Company (NYSE: BMY), and Merck & Co., Inc. (NYSE: MRK). Buffett put about $1.8 billion into each of those companies.
Don’t look for Buffett to sell these shares anytime soon. His favorite investment period is forever.
Here a few other notable transactions from the disclosure:
- Sold 36 million shares of Apple Inc. (NASDAQ: AAPL), about 4% of total shares. This is still the portfolio’s large position.
- Bought shares of T-Mobile US, Inc. (NASDAQ: TMUS).
- Sold some of his positions in banks Wells Fargo & Company (NYSE: WFC) and JPMorgan Chase & Co. (NYSE: JPM).
- Added more Bank of America Corporation (NYSE: BAC) to an existing position.
- Sold all shares of Costco Wholesale Corporation (NASDAQ: COST) after holding for a decade.
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