5 members / 331 guests (24 hours)
$151.57
$1.30 (0.87%)
High: $151.65
Low: $149.90
Volume: 8,299,633

An Interesting IDB update! And how IDB got even faster.  IDB is fast, reliable, and FREE to use. Just join and start posting!

Noozilla news

Buffett Boosts Apple Holdings To 133 Million Shares In 2017, Becomes Top 5 Holder

Buffett Boosts Apple Holdings To 133 Million Shares In 2017, Becomes Top 5 Holder

zerohedge.com / by Tyler Durden / Feb 27, 2017 7:06 AM

Traders, analysts and Buffett-watchers were amazed two weeks ago when in its 13F filing, Berkshire Hathaway reported that it had nearly quadrupled its Apple stake from 15.2 million shares as of Sept 30 to 57.4 million shares on December, making it a Top 10 holder in the tech company. Then, moments ago, the surprises continued when speaking to CNBC’s Becky Quick, the Berkshire Hathaway Chairman said that he more than doubled his holdings in Apple yet again between the start of 2017 and the tech company’s most recent earnings report.

At this point, Buffett owns $17 billion worth of the tech giant’s stock he told CNBC making him a Top 5 holders of the stock, sandwiched between CapRe in 6th spot and Fidelity in 4th.

The purchases that Buffett revealed on Monday give Berkshire Hathaway about 2.5% of the outstanding Apple shares. It also made Apple one of Buffett’s company’s largest holdings, second only to Coca-Cola.

READ MORE