Warren Buffett’s Apple Stock Represents 20% of Berkshire Hathaway’s Market Cap
Berkshire’s market cap is currently $ 440 billion, which means that Apple’s share equals 20% of the entire company.
Warren Buffett’s Apple stock has come as a surprise as Berkshire Hathaway has 20% of its market cap. Investors began to show their excitement about the tech giant and their concerns about the holding.
According to available investment data, the famous investor company had 245 million Apple shares on March 31. Apple’s stock price has increased by 44% since then. Meanwhile, Berkshire stock dropped 1% in the same period.
Assuming that Buffett did not touch its Apple holdings, Berkshire’s share gained value nearly from $ 62 billion to $ 90 billion. 20% was shocking as Apple had more than $ 175 billion in Berkshire’s portfolio at the end of the first quarter.
Berkshire also recently raised $ 137 billion in cash and short-term investment, adding $ 760 billion in value to its total assets, earning approximately $ 255 billion in revenue and $ 82 billion in net income from insurance companies, railroads, utilities, and energy providers last year.
Berkshire made only $ 1.8 billion of net stock purchases in the first quarter. It sold a net $ 6.1 billion of shares in April and failed to make major purchases, rescue discounts, or buy back most of its own shares as the economy collapsed.