Warren Buffett’s Berkshire Hathaway disclosed a stake in
Deere & Co. (DE), the world’s largest maker of agricultural equipment, as
the billionaire investor’s deputies build their portfolios, Bloomberg says.
Berkshire held 3.98 million shares of the Moline, Illinois-
based company at the end of the third quarter, Buffett’s firm said yesterday in
a regulatory filing disclosing U.S. equity holdings. The Omaha, Nebraska-based
company cut consumer- products stocks including Johnson & Johnson and
Procter & Gamble Co. (PG) in the period ended Sept. 30.
Buffett, who built Berkshire with long-term equity bets on
companies including Coca-Cola Co. (KO) and American Express Co. (AXP), has
given investment managers Todd Combs and Ted Weschler more responsibility for
an $88 billion stock portfolio. Deere may benefit in coming decades as farmers
seek to boost yields to feed a surging population, according to Eli Lustgarten,
an analyst for Longbow Research in Independence, Ohio……
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