Pecaut & CO. recently acquired a new stake in American Express Company (NYSE:AXP) during the second quarter, as per its latest Form 13F filing with the SEC.
The institutional investor purchased 5,015 shares of AXP's stock, valued at approximately $1,696,000.
This acquisition makes up about 0.5% of Pecaut & CO.'s investment portfolio, ranking it as the company's 29th largest holding.
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