Warren Buffett’s Berkshire Hathaway substantially increased its holdings of Apple stock in the December quarter. While Berkshire’s purchase of Apple shares were probably done by Todd Combs and/or Ted Weschler, two of Buffett’s portfolio managers, it is a further commitment to technology stocks that Buffett had previously sworn off.
Commitment to Apple
- Berkshire Hathaway got into Apple’s shares during the Q1 of 2016 by buying 9.8 mn shares for about $1.1 bn
- It increased its holdings to 15.2 mn shares in the Q2 and substantially increased it to 57.3 mn shares, which are now worth about $7.8 bn, by December
- While the