Warren Buffet, chairman of multinational conglomerate Berkshire Hathaway, has made over $120 billion on tech-giant Apple’s journey to the first-ever $3 trillion market value.
More Details🧐 Berkshire Hathaway started investing in Apple back in 2016. By mid-2018, Berkshire held a 5% stake in Apple, amounting to $36 billion. That 5% stake hit $160 billion as Apple’s market cap hit the $3 trillion mark.
Berkshire Hathaway is Apple’s second-largest shareholder after The Vanguard Group. Apple also constitutes the highest portion of Berkshire’s equity portfolio: over 40%.
Why is this Important🤔 Berkshire has been reducing its Apple stake slightly since 2018. However, because of Apple’s share repurchase programs, which shrank the number of its outstanding shares, Berkshire’s overall stake in the tech company has actually gotten bigger.
Fun Fact🎉 Berkshire Hathaway’s stock, BRK.A, is the most expensive publicly traded share of all time, closing Friday’s trading session at $480,000/share.
