Warren Buffett Just Increased His Position in This Stock by 234%

Michael Byrne, The Motley Fool
·4 min read
Warren Buffett Just Increased His Position in This Stock by 234%

It's fairly run-of-the-mill stuff, but when an investor of Warren Buffett's caliber triples his stake in a company, the rest of the investment community tends to take notice, thanks to his track record as one of the most successful value investors of all time. What stock did Buffett triple his position in? According to the just-released 13F filing for the second quarter, Buffett's Berkshire Hathaway has increased its position in Ally Financial (NYSE: ALLY) by 234%.

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