Warren Buffet and his Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) have notoriously been picky when it comes to investing the technology sector, even with its amazing growth in recent years. One company in particular in the technology sector that Buffet invests in is Apple (NASDAQ:APPL) which he states makes products he understands.
In early 2017, Berkshire Hathaway Inc. more than doubled its position in Apple. By March of this year, Berkshire Hathaway Inc. was the Apple’s second-largest shareholder while holding 4.96% of Apple stock.
After increasing their position by 5.17% by purchasing 12.4 million shares this quarter, Berkshire Hathaway Inc. now owns 251.9 million shares of Apple in total. Berkshire’s total stake in Apple equates to around $46.6 billion.
As we saw per Berkshire Hathaway Inc.’s previous Q2 earnings report, their current holdings seem to be performing exceptionally well. Aside from Apple’s growth, Berkshire Hathaway Inc. also has holdings in GEICO and BNSF Railway which both attributed towards a great Q2 for Berkshire.
As Apple has now hit the “$1 trillion” market cap milestone, there is no limit to what can be achieved. In the past, Apple’s growth has been directly linked to their iPhone products. But as Apple formerly stated, they plan to now focus much more on original content such as their products like Apple Pay and Apple News. This shift in focus is most likely to gear towards an growing digital world and to ensure customers are getting everything they want out of Apple’s products.
In addition to loading up some more Apple, Berkshire Hathaway Inc. has also loaded up on some more Goldman Sachs, Southwest Airlines, and Delta Air Lines.