As Institutional Investors Are Selling Apple, Buffett Is Buying
After shunning the stock for years, Berkshire Hathaway (BRK.A) recently disclosed that it increased its stake in Apple (AAPL) to a whopping 240.3 million shares, worth more than $40.0 billion. The company said that it purchased 75.0 million Apple shares in the first quarter. The Warren Buffett–led company is the third-largest shareholder of Apple, behind asset managers Vanguard and Blackrock (BLK).