“Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd, and confirmed it has become Apple Inc’s second-largest shareholder,” Jonathan Stempel reports for Reuters. “Berkshire also shed an investment dating to the mid-1970s that reflected Buffett’s longstanding love for newspapers, selling its stake in Graham Holdings Co, the former publisher of the Washington Post.”
“The changes were disclosed in a regulatory filing [late Tuesday] detailing Berkshire’s U.S.-listed stock holdings as of March 31,” Stempel reports. “Berkshire owned about $173 billion of equities, as well as dozens of businesses in the railroad, insurance, energy, chemical, food and retail and other sectors.”
“Berkshire said much of the $14.8 billion it invested in equities during the quarter went to Apple, and said it owned 239.6 million shares worth more than $40 billion,” Stempel reports. “That gave Berkshire a roughly 5 percent stake in the iPhone maker, surpassing BlackRock Inc and trailing only Vanguard Group, according to Reuters data… Berkshire shed a more than six-year-old investment in International Business Machines Corp that Buffett has admitted was not his best.”
Read more in the full article here.
MacDailyNews Take: Only 95 percent more to go! 😉
SEE ALSO:
Warren Buffett hints Berkshire Hathaway’s Apple stake could get even bigger – May 8, 2018
Warren Buffett’s Berkshire Hathaway not finished buying Apple, ‘would love to own 100 percent’ – May 7, 2018
Apple and Buffett saw value, and acted by scooping up millions of shares – May 7, 2018
Warren Buffett’s Berkshire Hathaway bought 75 million more Apple shares during the first quarter – May 4, 2018
Why was iPhone X so successful at $999 despite a slew of fake news? – May 2, 2018
Uh, yeah, about those iPhone X ‘concerns’ from analysts: Never mind – May 1, 2018
Apple beats Street with best Q2 ever – May 1, 2018