Apple's latest stock valuation means Warren Buffett's stock holdings are now worth three times what he originally paid for them, starting in 2016.
Two weeks after his Apple stake was valued at $91.3 billion, investor Warren Buffett has seen that rise to around $104 billion. It follows Apple's rising share value, which had a 10% increase after the company reported its record-breaking June quarterly figures.
According to Markets Insider, the new figure means that Apple is Buffett's largest single stock holding. It represents more than four times his second largest, which is in Bank of America.
It's a major change from just 2018, when filings from the Securities and Exchange Commission showed that Apple represented 26% of all his holdings.
He began investing Apple in 2016 with a purchase of 9.81 million shares, worth in total around $1 billion. In 2019, Buffett reported to his own investors that his company had spent $35.287 billion buying Apple shares.
In February 2020, it was revealed that he had sold some $800 million worth of Apple shares. He does not appear to have bought any since, so the increase in value of his holdings is entirely down to the share price rise. The number of shares he owns will also have increased, but that is because of Apple's new stock split.
13 Comments
Well, he doesn’t own as much AAPL as I do, but he’s catching up... :p
AAPL at $444 right now, $1.9T. The Oracle of Omaha knows a good bet when he sees one. Tripled his investment in four years. Not bad, uncle Warren, not bad at all.
I’ve sold off some of my Apple shares, at an average price of $286. That’s the bad news. The good news is I invested that money into 300 shares of Tesla, at an average price of $739. Buffet has me beat on Apple, but I think I’ve got more money in Tesla than he does.
Funny thing is that I suspect this article is off by at least 90%. We have no idea what stocks Warren Buffet owns.
Berkshire-Hathaway might own $100 billions of AAPL, but Warren Buffet doesn't. Unless one wants way that Tim Cook is worth $1.8 trillion or whatever because of his position at Apple.