A regulatory filing by multinational conglomerate Berkshire Hathaway -- which is run by Warren Buffett -- today revealed that as of March 31, the company owned 9,811,747 shares in Apple stock (via Bloomberg). Berkshire Hathaway's shares were valued at over $1 Billion at the end of the first quarter of 2016, but given Apple's recent dip in stock value, it has subsequently declined to Nearly $900 million.
Earlier in April, Apple investor Carl Icahn decided to sell his Stake in the company, largely referring to concern over China's attitude towards Apple's encroaching presence in the country. This past weekend, a second Apple investor, David Tepper, followed in Icahn's foosteps and dumped his shares of the company as its value continued to lessen. Tepper had 1.26 million shares in the company that were valued at around $133 million.
05-16-2016, 04:00 PM
Berkshire Hathaway Discloses Nearly $1 Billion Stake in Apple
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