The Billionaire Warren Buffett is never satisfied. The Berkshire Hathaway firm of the Omaha Oracle has just strengthened its stake in the capital of the Californian Apple Group. The world’s largest market capitalization, the Apple stock, with a weight of more than 1,000 billion dollars.
12.4 million additional stocks Berkshire therefore increased its stake by buying another 12.4 million Apple stock of the Cupertino group, during the second quarter. The Buffett firm raised its stake to nearly $ 47 billion at the end of June. This is a paradox for a group that historically stood apart from technological values.
Apple stock and 17.3 billion added value! As of June 30, Berkshire had 251.9 million of Apple stock, which represents nearly 5% of Tim Cook’s tour. The position, on the closing price of yesterday ($ 209.75), is worth $ 52.8 billion! Berkshire’s investment proved extremely profitable, as it often happens. According to Bloomberg data, the cost price of Warren Buffett’s firm is $ 141.2 per security. According to our calculations, Buffett’s group earned $ 17.3 billion! It is only a latent gain. But one can imagine that Berkshire would have no trouble selling its shares in the market. Apple is the largest stake in Berkshire Hathaway, which has been buying stocks since the first quarter of 2016. In the past quarter, Berkshire also boosted its holdings in Goldman Sachs (to 13.3 million shares for $ 2.9 billion) and Teva Pharmaceutical (to 43.3 million shares for $ 1.1 billion).
The Buffett firm also strengthened in the second quarter on Southwest Airlines.
As well as Axalta, Bank of New York Mellon, Delta Air Lines, General Motors, US Bancorp and Liberty Global. On the other hand, holdings in Wells Fargo, United Continental, American Airlines, Phillips 66 and Charter Communications were reduced in the second quarter of 2018.
Apple stock, Soros follows the movement As great minds meet, Soros Fund Management, the firm of the billionaire George Soros, another legend in finance, has also just acquired Apple stocks. Soros’ family office bought, more modestly, 54,500 of Apple stock during the last quarter. He also positioned himself on Facebook, with 159,200 stocks. AT & T, T-Mobile US and Chevron were also among the fund’s purchases. In contrast, the firm reduced its holdings on the Alphabet and Amazon folders, and divested from eBay, Nvidia, Paypal, or Snap Inc.
Einhorn against the market Greenlight Capital, the firm of investor David Einhorn, reduced its holdings on Apple stock, Twitter and Micron, according to his latest statements to the US market authority, the SEC. According to these positions declared at the end of the second quarter, the billionaire’s fund reduced its stake in Apple’s capital by 486,000 shares, a decrease of nearly 80%. The fund has also sold more than 900,000 shares of the social network Twitter, and more than 3 million titles of Micron. However, Einhorn is far from the reputation of Buffett.
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