Warren Buffett’s Berkshire Hathaway loads up on Apple (AAPL)


warren buffett

Warren Buffett’s Berkshire Hathaway raised its stake in Apple by 3% to 134 million shares in the third quarter, a regulatory filing released Tuesday showed.

The conglomerate owned about 2.6%, or about 134 million shares of Apple as of September 30, the 13F filing for the quarter ended September 30 showed.

Buffett said in August that he had never sold Apple shares, and did not pay attention the calendar when deciding to buy. Berkshire Hathaway first invested in Apple in 2016 — buying 10 million shares.

Berkshire also raised its stake in the agricultural-biotech company Monsanto by 10%, and also increased its holding of Synchrony Financial. The firm slashed its stake in IBM.

Major investment firms including hedge funds are required to disclose their long positions in stocks every quarter. Because of a time lag, these positions may have changed or been closed by the time the filings are made.

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Source:: Business Insider

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