Warren Buffett dumps $800 million worth of Apple stock, still has $72B

Warren Buffett-led Berkshire Hathaway still holds around $72 billion worth of Apple shares, or 5.6% of the company.

| Feb 18, 2020 at 9:43 pm CST

Warren Buffett has just offloaded $800 million worth of his Apple shares in the last quarter, according to SEC filings secured by Business Insider.

Warren Buffett dumps $800 million worth of Apple stock, still has $72B | TweakTown.com

Berkshire Hathaway, where Buffett is the CEO, offloaded 3.7 million Apple shares between the months of October and December 2019 when Apple share prices increased by over 30% from $219 to $294. Even with the offloading of 3.7 million shares and securing $800 million, Berkshire Hathaway still holds $72 billion worth of Apple stock -- or around 5.6% of Apple.

In saying that, the $72 billion worth of Apple stock represents over 32% of Berkshire Hathaway's entire portfolio. The investment firm purchased its first loads of Apple stock in 2016, when Apple stock was sitting at around $100 -- Buffett's company spent $1 billion on 9.8 million shares at the time.

Last updated: Jun 16, 2020 at 04:29 pm CDT

Buy at Amazon

The Snowball: Warren Buffett and the Business of Life

TodayYesterday7 days ago30 days ago
Buy at Amazon
* Prices last scanned on 7/9/2020 at 3:20 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCE:thenextweb.com


Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Related Tags