Shulou(Shulou.com)11/24 Report--

CTOnews.com, Aug. 16-Berkshire Hathaway, owned by Warren Buffett, bought nearly 4 million more Apple shares in the second quarter of 2022, according to regulatory filings.

The investment company increased its holdings of 3.9 million Apple shares in the second quarter of 2022, according to quarterly filings with the Securities and Exchange Commission late Monday. The Securities and Exchange Commission needs a form 13F with details of its shareholdings every quarter.

Berkshire Hathaway's acquisition in the second quarter came after more share purchases in the first quarter of 2022. Buffett bought $600 million worth of Apple shares in the first quarter of 2022.

Although Buffett is known to avoid rising stocks, the investor clearly sees Apple as an exception-which turns out to be one of his best investments. Analysts compared Buffett's stake in Apple with his investment experience in Coca-Cola.

Buffett's Apple stake has generated handsome profits for the investment tycoon, who earned about $100 billion (678 billion yuan) from the iPhone maker between 2016 and March 2022.

Apple is one of the four giants in Buffett's portfolio, along with Berkshire Hathaway's insurance business, BNSF Railroad and Berkshire Hathaway Energy. However, Cupertino technology giant Apple is Berkshire's largest holding company.

In early 2022, Berkshire Hathaway Vice Chairman Charlie Munger praised Apple and CEO Tim Cook, saying the Cupertino-based company was "well managed" and added that it was likely to remain so.

"I judge the strength of the company by how much customers like the company," Mr. Munger said at the time. "and I have countless friends who would rather give up their right arm than give up iPhone. This is a very strong position."

As of Monday's close, Apple shares were up 0.63 per cent at $173.19.

"Buffett, the god of stock, has not avoided a big fall! Q2 Berkshire Hathaway lost 358.8 billion yuan on its investment. "

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