Berkshire Hathaway increases Apple position to $1.46B

Warren Buffett's Berkshire Hathaway took advantage of a dip in Apple's share price during the second quarter, increasing its stake in the company to $1.46 billion as of June 30.

During the second quarter of 2016, Berkshire Hathaway increased its position in Apple by some 5.4 million shares, putting the investment firm's holdings at 15.2 million shares, according to an SEC filing released on Monday.

As noted by Bloomberg, Buffett's move capitalizes on a series of tough quarters for Apple. During the three-month period ending in June, Apple saw its share prices tumble 12 percent to $95.60 per share, while a contraction in iPhone sales the quarter prior spurred the company's first revenue decline in 13 years.

Berkshire bought in to Apple with a purchase of 9.81 million shares earlier this year, around the same time that activist investor Carl Icahn decided to dump his shares. The move that raised eyebrows as Buffett traditionally steers clear of technology holdings, but it was later learned that deputy investment managers executed the buy.

AAPL was at $109.48 when the markets closed on Monday.

16 Comments

applesauce007 1702 comments · 17 Years

About 8 years ago

Carl Icahn and Kevin O'Leary should learn from Berkshire.

lordjohnwhorfin 866 comments · 18 Years

Icahn is a despicable scam artist who is expert at leveraging his name and reputation to make money off the stock he buys or sells. He's nothing but a leech on the system. Meanwhile, instead of going for a quick buck, Icahn is using Wall Street the way it was designed to be used, and makes more money doing so. It's not just Icahn, but all of Wall Street and day traders that should learn a lesson. Pick companies you believe in and stay for the long term. In the early days of E*Trade, they offered you a free $100 if you opened an account and invested at least $1,000, so I ended up with $1,100 worth of Apple stock. Sold them last year to buy a Model S.

theothergeoff 2081 comments · 14 Years

lordjohnwhorfin said:

Icahn is a despicable scam artist who is expert at leveraging his name and reputation to make money off the stock he buys or sells. He's nothing but a leech on the system. Meanwhile, instead of going for a quick buck, ~~Icahn~~Buffett/Berkshire is using Wall Street the way it was designed to be used, and makes more money doing so. It's not just Icahn, but all of Wall Street and day traders that should learn a lesson. Pick companies you believe in and stay for the long term. In the early days of E*Trade, they offered you a free $100 if you opened an account and invested at least $1,000, so I ended up with $1,100 worth of Apple stock. Sold them last year to buy a Model S.

I think that's what you mean.

TomE 174 comments · 8 Years

And in the early days of Apple when no one on Wall Street wanted any of AAPL, I did a similar thing. I have sold & repurchased several times. I have not bought a Tesla S, but don't have to work. Yes, it goes up and down. Better to buy low and buy some more when you can. For go the fast bucks. Icahn & the other "Investment" managers are scamming the system.

Go BRK. Keep the stock please & reinvest the dividends. I only disagree with those who want to give away the farm or the benefits to those who want to beat the system by being leeches. I don't mind welfare or aid, but when they have a better car, cell phone, or free housing & utilities, they have no interest in working. I see it every day in South Georgia. Parasites that are beyond what you might even imagine. At what point do we take them off the system ? I don't see an end in sight here because the local government thinks they should grow, grow, grow and tax, tax, tax. I hope Trump or someone who is wise to this goes into office and there is some kind of freeze on government spending + an automatic reduction of an acceptable amount to cut the desire of government to grow. There is no incentive for government to shrink or for people to look for ways to get off welfare. i am tired of paying for the free ride.

If you live in a "grant city", that is what I call cities that are based upon free grants, I feel sympathy for you as well as for myself. If Hillary goes into office, I am leaving. Passport is ready.

theothergeoff said:

lordjohnwhorfin said:

Icahn is a despicable scam artist who is expert at leveraging his name and reputation to make money off the stock he buys or sells. He's nothing but a leech on the system. Meanwhile, instead of going for a quick buck, ~~Icahn~~Buffett/Berkshire is using Wall Street the way it was designed to be used, and makes more money doing so. It's not just Icahn, but all of Wall Street and day traders that should learn a lesson. Pick companies you believe in and stay for the long term. In the early days of E*Trade, they offered you a free $100 if you opened an account and invested at least $1,000, so I ended up with $1,100 worth of Apple stock. Sold them last year to buy a Model S.

I think that's what you mean.

Berkshire does not tweet about their AAPL holdings. Icahn did.