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Diversify? Almost half of Warren Buffett’s Berkshire Hathaway portfolio consists of a single stock



Warren Buffett once said: “Diversification is protection from ignorance. There is little point in knowing what you are doing. “Take away: load what you know.

Even if it appears to be a tech share.

A quick look at Buffett’s Berkshire Hathaway BRK.A,
-0.87%
BRK.B,
-0.85%
The $ 214 billion portfolio underlines that the Omaha oracle follows its own advice given how much stock Berkshire has accumulated in Apple AAPL.
-0.31%
.

Thanks to Apple’s outstanding run, Buffett now owns an iPhone manufacturer valued at more than $ 91 billion, which, according to the Motley Fool, accounts for 43% of the entire Berkshire cake.

As the report shows, there are 46 securities in the portfolio, and if you add them all up – without the No. 2 stake, Bank of America BAC,
-2.74%
– They still don’t amount to the Apple stake, which shows how much the big tech names have sped up the recent rally.

Read:He is 34 years old and owns $ 550 million in Apple

Earlier this year, Buffett told CNBC how important the technology monster based in Cupertino, California is to Berkshire’s overall performance.

“I don’t see Apple as a stock. I consider it our third business, ”said Buffett, referring to the wholly owned subsidiaries Geico and BNSF. “It’s probably the best business I know in the world.”

Watch the interview:

Buffett’s Apple position had declined somewhat in Tuesday’s trading session, but still outperformed the broader market, such as the Dow Jones Industrial Average DJIA,
-1.51%,
S&P 500 SPX,
-1.08%
and tech-heavy Nasdaq Composite COMP,
-0.86%
all tightly closed.


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