True to his word Uber-investor Warren Buffett increased his stake in Tesco from 3.21% to 5.08% the day after the supermarket issued its profit warning.
Todays RNS announcement only mentioned the Tesco holdings of Berkshire Hathaway, Buffett’s own holding company, up to and including the 13th of January.
Given that the Tesco share price fell another 5% since the 13th, and the fact that Buffett has had 4 extra business days to purchase Tesco shares, it would not be surprising if Buffett added more shares since then.
In my calculation berkshire could be holding as much as a 10% stake in the supermarket giant.
Time will tell.