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Warren Buffett's Berkshire Hathaway reveals a $ 900 million stake in Amazon



Warren Buffett

David A. Grogan | CNBC

Warren Buffett's Berkshire Hathaway announced Wednesday that a government had filed the amount of its stake in e-commerce giant Amazon filing with the Securities and Exchange Commission. The value of this share was $ 904 million on Wednesday afternoon.

Buffett first shared the new Amazon investment with CNBC on May 2, the day before the Berkshire Annual General Meeting in Omaha. The size of the position was previously not publicly known.

The renowned value investor ̵

1; although a fan of Amazon and its CEO Jeff Bezos – told CNBC earlier this month that he is not responsible for Berkshire's investment.

"One of the colleagues in the office managing money … bought Amazon to show up on the 13F," Buffett said May 2nd. Buffett probably referred to one of his two lieutenants, Todd Combs or Ted Weschler. manage more than $ 13 billion of equity portfolios for Berkshire.

"Yeah, I was a fan and an idiot because I did not buy Amazon shares," Buffett said at the time. "But I want you to know that there are no personality changes."

Amazon shares rose 0.3% after SEC trading.

Berkshire Hathaway's report also showed an 18% increase in its JP Morgan Chase stake to 59.5 million shares and 22% to 5.1 million Red Hat shares.

– CNBC's Becky Quick contributed to this report.


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