NEW YORK (TheStreet) -- Warren Buffett revealed earlier today that he spent more than $10 billion for a stake in software-services company IBM (IBM), his first investment in a technology company. And now a regulatory filing shows he made another bet on tech: chipmaker Intel (INTC).IBM is Berkshire Hathaway's ( BRK.A) second-largest holding, pushing Wells Fargo ( WFC) to the No. 3 spot. Coca-Cola ( KO) is his conglomerate's biggest investment.
6. IBM ( IBM) Company Profile: IBM offers technology and business services in addition to developing operating system software. Buffett's Investment: The hedge fund bought 32.5 million shares of IBM during the third quarter, bringing his total investment to 57.4 million shares valued at $10 billion as of Sept. 30. Subsequent to the third quarter, Buffett bought more shares for a total of 64 million worth $10.7 billion. Share Price Performance: Since the end of March, when Buffett began buying, the stock is up 15%. The stock reached a new 52-week high Oct. 14. At an average purchase price of $170, Buffett probably took advantage of a dip in mid-August when Moody's downgraded U.S. debt.
4. Visa ( V) Company Profile: Visa is a global payments processor. Buffett's Investment: Buffett initiated a position in Visa of 2.3 million shares during the third quarter. As of Sept. 30, those shares had a value of $196 million and represented less than half of a percent of Buffett's holdings. Share Price Performance: During the third quarter, the stock increased by 2%, but between June 30 and today, it's up 11%.
2. DirecTV ( DTV) Company Profile: DirecTV provides digital TV in the U.S. and Latin America. Buffett's Investment: Buffett initiated a position in DirecTV in the third quarter with 4.3 million shares. As of Sept. 30, those shares were worth $180 million. Share Price Performance: During the third quarter, the stock declined 17%. It rebounded from an early October low, but is still down 10% since the start of the quarter.