Berkshire Hathaway Becomes Apple’s Third Largest Shareholder

Buffet

Warren Buffett’s multinational conglomerate holding company Berkshire Hathaway now owns 239.6 million shares in Apple worth over $40 billion, making it the iPhone maker’s third-largest shareholder. According to Reuters, Buffett disclosed the numbers in a regulatory filing detailing Berkshire’s U.S.-listed stock holdings as of March 31.

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 (AAPL.O) third-largest shareholder.

Berkshire said it owned about 40.5 million Teva American depositary receipts (ADRs) worth about $693 million as of that date, up from 18.9 million ADRs three months earlier.

The filings show that Berkshire owns 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 that much of the $14.8 billion it invested in equities during the quarter went to Apple. That gave Berkshire a roughly 5 percent stake in the iPhone maker, trailing only Vanguard Group and BlackRock.

Buffett told CNBC on May 7: “I’d love to own 100 percent” of Apple, two days after he told Berkshire’s annual meeting that he might buy more Apple for the right price.

Author: Marshmallow

Marshmallow Android is BT Ireland’s Head of Sales for Republic of Ireland domestic multi-site companies, indigenous MNCs and public sector accounts. He is responsible for the direction and control of all sales activity in the region. He has over 10 years management experience from high growth start-ups to more established businesses. He’s led teams in Ireland, India and China across various industries (ICT, On-Line Recruitment, Corporate Training and International Education).

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