Berkshire Hathaway More Than Doubled its Stake in Apple in January

by

In an interview with CNBC today, billionaire investor Warren Buffett revealed that his holding company Berkshire Hathaway held around 133 million shares in Apple prior to the company's record-breaking earnings results on January 31.


Berkshire Hathaway disclosed that it held 57.3 million shares in Apple as of December 31, 2016, so it more than doubled its stake in the iPhone maker in January. The holding, which reflects about 2.5% of Apple's outstanding shares, is worth over $17 billion if the shares are still held today.

Berkshire Hathaway disclosed a nearly $1 billion stake in Apple last May, which led the iPhone maker's stock to soar 9% once the investment became public knowledge. Apple stock has been on the rise since then, closing at an all-time high of $137.11 last week just nine months after setting a 52-week low of $89.47 in May 2016.

Top Rated Comments

(View all)
Avatar
42 months ago
The holding, which reflects about 2.5% of Apple's outstanding shares

this is absolutely bonkers: AAPL is now Buffett's second holding after Coca-Cola. Excellent news for the stock.

Buffett also praised Tim Cook, and rightly so. 2017 will be an amazing year for Apple and AAPL.
Score: 6 Votes (Like | Disagree)
Avatar
42 months ago

I took CNBC guest's words at face value. If that's the case, then wow.

Understood. Berkshire has held 400 million shares (split-adjusted) of KO for a long time. It's currently trading at less than $42, so that's less than $17 billion worth of Coca-Cola. If Berkshire now holds 133 million shares of AAPL (which is what Mr. Buffett indicated this morning), at around $137 that's more than $18 billion worth.
[doublepost=1488208016][/doublepost]To add a little more to what Mr. Buffett said about Apple this morning...

He indicated that Berkshire wasn't currently buying AAPL, that it hadn't bought AAPL since the earnings report. He also indicated that it was at a different price now than he would buy it at.

Also, for those that have suggested it wasn't Mr. Buffett deciding to buy AAPL: We got considerable clarity on that front this morning. Mr. Buffett said that one of those other guys (Todd Combs or Ted Weschler, he wouldn't say which one) had bought 10 million shares of AAPL and Mr. Buffett has now bought 123 million shares of AAPL. That's Mr. Buffett's own characterization of the situation.

Perhaps the funniest thing Mr. Buffett had to say came in response to Becky Quick asking which company Mr. Buffett would bet on going to a $1 Trillion market cap first - Berkshire or Apple. Mr. Buffett said Apple and then proceeded to jokingly say (I'm paraphrasing a bit)... If Tim wants to swap straight up, I've got an 800 number for him. In other words, he'd swap Berkshire Hathaway straight up for Apple if he had that option.
Score: 4 Votes (Like | Disagree)
Avatar
42 months ago

I wish I was rich enough to make money off other people's successes.

Warren Buffett started in the same fashion as you: with nothing.
Score: 3 Votes (Like | Disagree)
Avatar
42 months ago

Can you explain further what you mean between Buffett and luck?

Gosh, you'd only have to ask him. One of Buffett's more admirable traits is the rare personal humility that allows him to admit that luck was a big part of his success.
Score: 2 Votes (Like | Disagree)
Avatar
42 months ago
AAPL is trading like old times again and is about to shoot up into the 140s.
Score: 2 Votes (Like | Disagree)
Avatar
42 months ago
The Oracle of Omaha has spoken.
Score: 2 Votes (Like | Disagree)

Top Stories

'This App is No Longer Shared' iOS Bug Preventing Some Apps From Opening

Friday May 22, 2020 3:58 pm PDT by
An app bug is causing some iOS users to be unable to open their apps, with affected iPhone and iPad users seeing the message "This app is no longer shared with you" when attempting to access an app. There are multiple complaints about the issue on the MacRumors forums and on Twitter from users who are running into problems. A MacRumors reader describes the issue:Is anyone else experiencing...

Apple Memorial Day Deals: Shop the Best Apple Accessory Sales From Twelve South, eBay, Anker, Mophie, and More

Friday May 22, 2020 6:39 am PDT by
We're now just a few days away from Memorial Day on Monday, May 25, and numerous retailers have opened up discounts in celebration of the holiday. This includes sales on helpful Apple-related accessories like Anker's portable batteries, Beats headphones at eBay, Incase and Incipio's protective iPad and iPhone cases, Mophie's iPhone battery cases, JBL's Bluetooth speakers, and much more. Note:...

Former iOS Chief Scott Forstall Shares Intriguing Story of His Interview With Steve Jobs at NeXT

Friday May 22, 2020 4:01 am PDT by
Former Apple executive and iOS chief Scott Forstall made a rare public appearance this week at Code.org's virtual Code Break event, and in between classes, Forstall shared the intriguing story of how he was hired by Steve Jobs. Forstall revealed that he had been considering working at Microsoft when he went to interview at NexT, the company started by Jobs after he had left Apple. Forstall...

'Apple Glass' Rumored to Start at $499, Support Prescription Lenses, and More

Tuesday May 19, 2020 6:30 am PDT by
Front Page Tech host and leaker Jon Prosser today shared several alleged details about Apple's rumored augmented reality glasses, including an "Apple Glass" marketing name, $499 starting price, prescription lens option, and more. The marketing name will be "Apple Glass" The glasses will start at $499 with the option for prescription lenses at an extra cost There will be displays in both...

Apple's 'Bounce' AirPods Ad Wins 'Best of Advertising' Award

Friday May 22, 2020 10:09 am PDT by
Apple's creative "Bounce" ad designed to highlight the AirPods took top honors in the 99th annual ADC (Art Director's Club) awards for advertising, earning the "Best of Discipline" award along with two Gold Cube awards in the craft in video and branded content categories. Released in June 2019, the ad features a bored man who pulls his AirPods off of their wireless charging pad and then pops ...

Apple's 'AirPods Studio' Over-Ear Headphones Have Reportedly Kicked Off Production

Friday May 22, 2020 7:03 am PDT by
We've been hearing quite a bit recently about Apple's long-rumored over-ear headphones, said to be called "AirPods Studio," and it looks like a launch may be coming in the relatively near future. Artist mockup based on Beats Studio3 Rumors have generally suggested a summer or fall launch for AirPods Studio, with a report earlier this week claiming that suppliers in Vietnam will begin...

Top Stories: Apple Glass and iPhone 12 Rumors, iOS 13.5 Update, and More!

Saturday May 23, 2020 6:00 am PDT by
It was another big week for rumors this week, with a flurry of reports about Apple's augmented reality glasses, the iPhone 12, and Apple's "AirPods Studio" over-ear headphones. This week also saw the release of iOS 13.5, bringing a number of health-related updates to Apple's mobile devices. Subscribe to the MacRumors YouTube channel for more videos. Other topics of interest this week included ...

Apple Releases iPadOS and iOS 13.5 With Exposure Notification API, Face ID Mask Updates, Group FaceTime Changes and More

Wednesday May 20, 2020 10:00 am PDT by
Apple today released iOS and iPadOS 13.5, major updates that come more than a month after the launch of iOS and iPadOS 13.4.1. iOS 13.5 is a major health-related update that brings many features related to the ongoing public health crisis. The iOS and ‌‌iPadOS‌‌ 13.5 updates are available on all eligible devices over-the-air in the Settings app. To access the updates, go to Settings...

Jon Prosser Claims Apple is Working on 'Steve Jobs Heritage Edition' AR Glasses, Gurman Calls Rumor 'Complete Fiction'

Thursday May 21, 2020 4:50 pm PDT by
Apple is working on a limited-edition version of its augmented reality smart glasses that's designed to look like the round, frameless glasses that Steve Jobs was famous for wearing, according to Jon Prosser. Prosser, who runs YouTube show Front Page Tech and who has been sharing a flood of Apple rumors in recent weeks, mentioned the detail in Cult of Mac's latest Cultcast podcast....

T-Mobile and Sprint Offering Free iPhone SE With Trade-In

Thursday May 21, 2020 1:14 pm PDT by
T-Mobile is launching a Memorial Day promotion that will see the company offering a free iPhone SE to customers who trade in an eligible older smartphone in good condition. From Friday to Monday, customers who trade in an existing smartphone can get a free iPhone SE (sales tax still needs to be paid) or up to $500 off a Samsung Galaxy S20. The free iPhone SE will be provided in the form...