📱 2022-08-15 22:57:00 – Paris/France.
AppleInsider is supported by its audience and is eligible to earn an Amazon Associate and Affiliate Partner commission on qualifying purchases. These affiliate partnerships do not influence our editorial content.
Berkshire Hathaway, owned by Warren Buffett, bought nearly 4 million more shares of Apple in the second quarter of 2022, according to regulatory filings.
The investment firm added 3,9 million Apple shares in the second quarter of 2022, according to a quarterly 13F filing submitted late Monday to the United States Securities and Exchange Commission. A Form 13F is required by the SEC each quarter and details stock holdings.
Berkshire Hathaway's second-quarter acquisitions follow other stock purchases in the first quarter of 2022. Buffett's company bought $600 million worth of Apple stock in the first quarter of 2022.
Although Buffett is known for avoiding high-flying stocks, the investor clearly identified Apple as an exception — and it turned out to be one of his best investments. Analysts have drawn comparisons between Buffett's holdings in Apple and his experience investing in Coca-Cola.
Buffett's Apple holdings have generated big profits for the investment mogul, who earned an estimated $100 billion from the iPhone maker between 2016 and March 2022.
Apple is one of four giants in Buffett's portfolio, alongside the insurance businesses of Berkshire Hathaway, BNSF Railway Company and Berkshire Hathaway Energy. The Cupertino tech giant is Berkshire's largest holding company, however.
Earlier in 2022, Berkshire Hathaway Vice Chairman Charlie Munger praised Apple and Apple CEO Tim Cook, saying the Cupertino-based company was "incredibly well run" and adding that she would probably stay that way.
“I judge the strength of the company by how much customers like it,” Munger said at the time. “And I have millions of friends that they would almost part with their right arm before parting with their iPhone. This is an extremely powerful position to be in. »
Apple shares were priced at $173,19 at market close on Monday, up 0,63% in intraday trading.
SOURCE: Reviews News
Do not hesitate to share our article on social networks to give us a solid boost. 🤗