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Warren Buffett's Stake in Apple Tripled in Value to Over $100 Billion

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Investor Warren Buffett's stake in Apple has tripled in value to be worth over $100 billion, reports BusinessInsider.



The Berkshire Hathaway CEO spent $35 billion to acquire 250 million Apple shares between 2016 and 2018, according to his 2019 shareholder letter. Buffett has since sold some of his Apple holdings, and at last count owned 245 million shares, worth more than $104 billion.

Apple's third-quarter earnings pushed its stock price up by 10 percent to an intraday all-time high of $425 on Friday, raising its market capitalization to more than $1.8 trillion, making it the world's most valuable company. Both revenue and earnings per share were also June quarter records.

Apple's stock price dropped as low as $224 in March as concerns rose over the global health crisis, but has experienced a strong recovery since then, rising by over 80 percent in the last four months. Many other large tech companies, such as Amazon, Microsoft, and Google parent company Alphabet, have experienced similar surges. Apple stock has increased by around 42% this year, growing Buffett's stake by $30 billion in the past seven months alone.

Apple is the largest investment held in Berkshire Hathaway's portfolio, and worth more than four times as much as its second-largest holding; a $25 billion stake in Bank of America. Berkshire Hathaway's market capitalization currently sits at about $476 billion, suggesting its 5.7% stake in Apple accounts for more than a fifth of its entire value.

The value of the firm's Apple stake relative to the rest of its portfolio highlights the extent to which investors are increasingly favoring tech companies and neglecting more traditional businesses such as banks and insurers.

Article Link: Warren Buffett's Stake in Apple Tripled in Value to Over $100 Billion
 

jonnysods

macrumors 604
Sep 20, 2006
6,659
3,465
There & Back Again
Wow, well, he took the risk and it paid off I guess!

I thought I heard he was dumping some stock a while back but I guess that wasn't the case!
 
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yaxomoxay

macrumors demi-god
Mar 3, 2010
4,967
29,177
Texas
I almost invested $1500 out of savings back in the late 1990’s right when Jobs came back, stock was around $12 a share. That would be worth well over $500,000 today, it’s terrible to even think about right now typing this out.

Maybe all that money would’ve driven you to a life of nihilistic existence, lead by an attempt to fill the universal void with drugs, alcohol, and prostitutes which in turn would’ve caused your early demise from this life.
(Just trying to help!)
 
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jerryk

macrumors 603
Nov 3, 2011
6,225
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SF Bay Area
I am a long time Berkshire holder. But it is past time for Buffet and Charlie to go. Berkshire still has too many losers in their portfolio. Buying airlines this winter was not a smart idea.
 
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Doomtomb

macrumors 6502
Jul 14, 2011
356
434
Austin, TX
I almost invested $1500 out of savings back in the late 1990’s right when Jobs came back, stock was around $12 a share. That would be worth well over $500,000 today, it’s terrible to even think about right now typing this out.
Also they've had those stock splits since then
 
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ticzon

macrumors newbie
Oct 20, 2010
10
11
I almost invested $1500 out of savings back in the late 1990’s right when Jobs came back, stock was around $12 a share. That would be worth well over $500,000 today, it’s terrible to even think about right now typing this out.
No...it would be worth about 1.5 million. I invested at this time period and never sold.
 
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JM

macrumors 65816
Nov 23, 2014
1,475
1,919
I cannot imagine what it would be like to be that rich.

All that money is probably a sword of Damocles hanging over your head.

Being a nobody has its benefits (I think). ;)
He gets all-you-can-eat Dilly Bars from DQ. I think he's got a pretty great life.
 
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dannys1

macrumors 68030
Sep 19, 2007
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You could probably cure most of the worlds ills with this much money - you don't even need 1 billion, let lone 100 billion +, mental.
 
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yaxomoxay

macrumors demi-god
Mar 3, 2010
4,967
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Texas
You could probably cure most of the worlds ills with this much money - you don't even need 1 billion, let lone 100 billion +, mental.

Not really. 100B is not that much. The budget of NYC alone is 95B, and that's just one (big) city.
 
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incoherent_1

macrumors 6502a
Oct 19, 2016
535
887
I said the same thing when I picked up my first scroll wheel ipod. if only i spent what little money i had on shares instead of the product.

Yes, but you can plat that “what if” game to no end. I got decent returns on AAPL and NFLX but decided not to buy Amazon because I thought it was overpriced. It’s much more fun to celebrate the victories (whatever they are, investing or otherwise) than find every opportunity to kick yourself in hindsight.
 
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incoherent_1

macrumors 6502a
Oct 19, 2016
535
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You could probably cure most of the worlds ills with this much money - you don't even need 1 billion, let lone 100 billion +, mental.

Most major foundations have several billion dollars, and still struggle to achieve major successes. You’d be surprised how expensive such work becomes.
 
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jerryk

macrumors 603
Nov 3, 2011
6,225
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I cannot imagine what it would be like to be that rich.

All that money is probably a sword of Damocles hanging over your head.

Being a nobody has its benefits (I think). ;)

Read "The Millionaire Next Door". Plenty of people that walk by you everyday are multi-millionaires or even richer.

Buffet leads a simply life in Omaha. Still dines at the same steak house once a month, eats at home otherwise. Has lived in the same house for over 60 years. Giving away almost all his money. Kids got $1M back in the 90s and that is all they will every get.
 
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RogerWilco

macrumors 6502a
Jul 29, 2011
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Wow, well, he took the risk and it paid off I guess!

I thought I heard he was dumping some stock a while back but I guess that wasn't the case!
Buffett is the insider’s insider, “risk” had very little to do with it.
 
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4jasontv

macrumors 68040
Jul 31, 2011
3,421
3,538
Enjoy it while it lasts. Even Apple won’t last forever. What goes up must come down.

Honestly, these companies should enjoy him while he lasts.

Even if Apple stock crashed Warren Buffett is 89, and among others he owns 100% of Benjamin Moore, Duracell, Fruit of the Loom, Geico, Helzberg, and 99% of Dairy Queen. Oh yeah, and lets not forget that he owns 26% of Kraft, 18% of American Express, 10% of Wells Fargo, Bank of America, and Coca-Cola, and 5% of General Motors. I'm skipping a ton of more profitable businesses he owns because their brands are not as well known, brands owned by other brands, or his shares seem less impressive compared to, well, his shares in others.

As of this morning his Company's stock, of which he has 250,000 shares, is worth $299,510 a share.

I just don't believe that he will live long enough to see it go down.
 
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