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Warren Buffett-Controlled Berkshire Hathaway Bought Another 12.4M Apple Shares in Q2 2018

Warren Buffett-Controlled Berkshire Hathaway Bought Another 12.4M Apple Shares in Q2 2018

A SEC filing noticed by 9to5Mac reveals that Warren Buffett’s Berkshire Hathaway investment firm bought an additional 12.4 million Apple (AAPL shares in the second quarter of 2018. The shares are worth over $2 billion at today’s valuation.

That takes Berkshire’s total stake to $46.6B, leaving it owning just under 5% of the company. The WSJ notes that this potentially leaves the conglomerate room to double its stake once again, as it did last year.

As of March 31, Berkshire Apple’s second-largest shareholder behind Vanguard Group, with 4.96% of Apple stock.

Buffett has remarked in the past that he’d love to own 100% of Apple if he could. He originally would be unlikely to purchase many AAPL shares. Buffett has recently said that he no longer views Apple as a tech stock, but instead views it as a consumer brand.

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