Warren Buffett’s Berkshire Hathaway substantially increased its holdings of Apple stock in the December quarter. While Berkshire’s purchase of Apple shares were probably done by Todd Combs and/or Ted Weschler, two of Buffett’s portfolio managers, it is a further commitment to technology stocks that Buffett had previously sworn off. (Note that I own Apple shares). Berkshire Hathaway initially got into Apple’s shares during the first quarter of 2016 by buying 9.8 million shares for about $1.1 billion. Kraft Heinz is Berkshire’s largest holding at 19% of its total stock investments with Wells Fargo a close second at 18%.

Source: Forbes February 22, 2017 13:18 UTC