Fidelity has been boosting its holdings in blue-chip stocks in a "buying spree" this year, Reuters reports.

Fidelity’s first-quarter portfolio report shows in the first three months of this year, Fidelity bought more than 13 million shares of International Business Machine Corp., 35 million shares of General Electric Co., 13.1 million shares in Johnson & Johnson Co., and 14.7 million shares of biotechnology Amgen.

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