(Bloomberg) -- Berkshire Hathaway Inc.'s Warren Buffett increased a bet on health-care stocks in the first quarter, almost doubling the company's stake in Johnson & Johnson and adding to its Sanofi-Aventis SA holding.
Berkshire bought 24.1 million shares of J&J, the world's biggest health-care products company, to finish March with 48.7 million, the firm said in a filing with the U.S. Securities and Exchange Commission yesterday. The company boosted the number of American depositary receipts it held in Sanofi, France's largest drugmaker, 70 percent to 828,500, and disclosed an investment in WellPoint Inc., the No. 1 U.S. health insurer, for the first time.
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