Warren Buffett's Berkshire Hathaway loads up on Apple
Kevin Lamarque/Reuters
- During the third quarter, Berkshire Hathaway raised its stake in Apple by 3% to 134 million of the outstanding shares, a regulatory filing showed.
- During the quarter, the firm run by Warren Buffett also raised its stakes in Monsanto and Synchrony Financial.
- Major investment firms are required to disclose their long positions in stocks for the previous quarter, but the time lag means the information may be outdated.
Warren Buffett's Berkshire Hathaway raised its stake in Apple by 3% to 134 million outstanding shares in the third quarter, a regulatory filing released Tuesday showed.
The conglomerate owned about 2.6%, or about 134 million shares of Apple shares 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.
- Rupee falls 6 paise to settle at 83.39 against US dollar
- 10 Fruits to keep you hydrated this summer
- 8 Benefits of drinking hot water every morning
- Best places near Lucknow for a perfect weekend getaway
- Toyota Kirloskar Motor to hike prices on select vehicles from April 1