Buffett's Berkshire sheds GE, adds Synchrony

Warren Buffett's Berkshire Hathaway Inc on Monday said it has taken a 17.5 million share stake in Synchrony Financial and shed its investment in the financial services company's former parent, General Electric Co. In a regulatory filing detailing its U.S.-listed stock holdings, Berkshire said it owned about $521 million of Synchrony shares as of June 30. Investors follow Berkshire's stock holdings closely to determine what has won or lost Buffett's favor.

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