Warren Buffett’s Berkshire Hathaway increased its stake in Apple by over $3 billion in the fourth quarter, according to a regulatory filing on Tuesday.
Carolina Mandl and Sittrarasu S for Reuters:
Buffett’s company bought another 20.8 million Apple shares worth $3.2 billion, raising its stake to 5.8%, according to the filing.
Shares in Apple have surged nearly 18% this year.
Berkshire shrunk its stake in BNY Mellon by roughly 60%, to 25.1 million shares. At current prices, the divestment is worth nearly $2 billion.
It also partially divested Activision Blizzard, maker of the “Call of Duty” video game. The number of shares Berkshire holds fell 12.3%, to 52.7 million. It now owns a 6.7% stake.
MacDailyNews Take: When Buffett’s moves are reported, investors often follow, so this news bodes well for Apple shareholders.
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Warren Buffet knows everything AC doesn’t. That’s why Warren has a sumptuous Buffet of cash, while critics drink from the Android-powered sewer.
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