Warren Buffett’s Apple stake plunges in value by $19 billion in 2 days as tech rout continues

www.businessinsider.in/stock-market/news/warren-buffetts-apple-stake-plunged-in-value-by-10-billion-during-thursdays-tech-rout/articleshow/77931709.cms

The famed investor’s conglomerate owns close to 981 million Apple shares following the recent four-for-one stock split, giving it a 5.7% stake in the iPhone maker.

We are primarily funded by readers. Please subscribe and donate to support us!

Berkshire remains heavily in the green on Apple, the biggest holding in its stock portfolio. It spent about $35 billion to build the position between 2016 and 2018, meaning it has still more than tripled the value of its investment. However, its current $74 billion gain is well below the $100 billion level it briefly hit on Wednesday.

Moreover, Berkshire’s Apple stake represents more than 20% of Berkshire’s $516 billion market capitalization. That’s striking because Berkshire owns scores of companies including Geico and See’s Candies, it boasted $390 billion in net assets at the last count, and Apple is just one of the more than 40 holdings in its equity portfolio.

Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.