Warren Buffett’s stake in Apple is now worth $169 billion. This is more than the value of many companies in the S&P 500. Apple’s stock has gone up by 25% in the past six weeks.
It reached a record high of $214 per share on Thursday. Berkshire Hathaway, Buffett’s company, owned about 790 million Apple shares at the end of March. These shares were worth $135 billion.
Now, Berkshire’s 5.1% stake in Apple is valued at $169 billion. This assumes the amount of shares has not changed. Buffett’s share of Apple is more valuable than well-known companies like Verizon, American Express, IBM, Uber, and Nike.
The value of the position has gone up by about $34 billion just this quarter. This shows that investors are feeling good about the stock market and the tech sector. They are excited about AI advancements like ChatGPT.
Berkshire Hathaway sold some of its Apple shares last quarter.
Buffett’s growing wealth from Apple
It went from 905 million shares to 790 million shares.
If they had kept all the shares, the stake would be worth $194 billion now. That’s more than the value of companies like Accenture, Cisco, Disney, and McDonald’s. Buffett explained why they sold some Apple shares at Berkshire’s annual meeting in May.
He said they wanted to make some profits in case the US government raises taxes. He also said it’s good to have cash during uncertain economic times. And he warned about relying too much on a single investment.
Apple made up over 40% of Berkshire’s $336 billion stock portfolio at the end of March. Even though they sold some shares, Berkshire Hathaway has made a lot of money on Apple. The cost of their Apple shares was $31 billion at the end of 2021.
This means the company has seen more than a fivefold return on its investment. This news shows that Buffett is still very good at investing in the stock market. It also shows how strong and dominant Apple is in the changing tech world.
