> Warren Buffett Blog: Why Warren Buffett Bought More of This Bank

Tuesday, November 26, 2013

Why Warren Buffett Bought More of This Bank

Berkshire Hathaway recently disclosed its most up-to-date stock holdings, and the company run by Warren Buffett has recently bought even more stock in one big bank.

While many people know of Berkshire Hathaway's $19.1 billion position in Wells Fargo , some may be surprised to see that Buffett has been steadily adding to his holding of US Bancorp over the past year:


While the biggest gain in position came between the first and second quarter of this year -- it is interesting to note that Berkshire Hathaway has added small incremental gains with each passing quarter. Compare that to Wells Fargo, where Buffett added a sizable position between the first and second quarter of this year, but otherwise his position has remained relatively stable.