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Warren Buffett Increases Apple's Share Despite Selling Stock

Warren Buffett's Berkshire Hathaway Inc. may have sold some of Apple Inc.'s stock in the third quarter, but its share of the technology giant has actually increased as the value of the investment has risen by more than $ 6 billion. [19659002] Apple's share

AAPL, + 0.94%

rose 0.6% on Friday noon. The stock reached six record highs this month, no later than November 13, at $ 264.47.

In a 13F filing with the Securities and Exchange Commission late Thursday in Berkshire

BRK.B, -0.04%

BRK.A, -0.01%

stated that this equates to a rebalancing of their Apple investment as the number of Shares held by them decreased by 750,650 As of September 30, there were 248,838,679 shares, as of June 30, 249,589,329 shares.

However, outstanding Apple shares declined from 4,519,180,000 shares to 4,443,265,000, bringing Berkshire's share up from 5.52% to 5.60%.

As Apple shares rose 13% over the quarter, Berkshire shares rose by more than $ 6 billion from $ 49.40 billion on June 30 to $ 55.73 billion on June 30 ,

The investment in Apple represented 26.0% of the total value of Berkshire's investments, which stood at $ 214.67 billion on September 30, compared to 23.7% of the total on June 30. This makes it the best performance component of the Dow Jones Industrial Average this year

DJIA, + 0.72%

which increased by 20% in 2019.

Berkshire remains Apple's second-largest shareholder after FactSet after Vanguard Group Inc.

Vanguard's 13F record showed that the fund sold 3,981,157 shares of Apple in the third quarter to reduce its holdings to 331,132,509 shares as of September 30. However, the stake increased from 7.42% to 7.45% of the issued shares.

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