Warren Buffett increases stake in Wal-Mart

Iconic investor Warren Buffett acquired 8.57 million more shares of Wal-Mart stock during the quarter ended March 31, according to a report filed with regulators on Thursday (May 15).

Buffett’s Berkshire Hathaway raised its stake 17% to 58.05 million shares of Wal-Mart during the first quarter. Buffett’s investment in Wal-Mart is valued at $4.46 billion.

Wal-Mart has become Berkshire’s fifth largest U.S. stock holding.

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