Warren Buffet is known for investing in building generational wealth, and Berkshire Hathaway’s stake in Apple is a good example, according to a report by Markets Insider on Tuesday.
Berkshire’s 887.1 million shares in Apple Inc. increased to a record value of $159 billion, a 342% surge from its original cost basis of nearly $36 billion.
That signals that Apple is now valued at more than 50% of Berkshire’s $293 billion equity portfolio.
Assuming Berkshire has not cut its Apple position since Sept. 30, the equity stake now accounts for nearly 25% of Berkshire Hathaway’s $649 billion market cap.
The conglomerate first bought Apple shares in 2016 and continued purchasing them until mid-2018, after the position surpassed 1 billion shares after adjusting for a 4-for-1 stock split in 2020.
Year-to-date, the iPhone maker’s value has increased by 31%, compared to Berkshire Hathaway’s return of 26%. AAPL down -0.80%, BRK.A up +1.91%