Berkshire Hathaway Inc. revealed several changes to its stock portfolio in documents filed with the Securities and Exchange Commission this week. Many investors follow the company’s moves closely because of Buffett’s remarkably successful investing record over the decades.
Berkshire picked up nearly 21 million more shares in the iPhone maker during the final three months of last year to give it 915.6 million shares at the end of 2022.
Buffett has called Apple one of the four giants that drive Berkshire’s results even though it is only a stock investment. Berkshire’s other main drivers are companies that it owns outright: its insurance unit that includes Geico, its energy company that owns several major utilities, and BNSF railroad.
During the quarter, Berkshire slashed its investments in Taiwan Semiconductor, US Bancorp and Bank of New York Mellon.
This story is from the Februry 17, 2023 edition of AppleMagazine.
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This story is from the Februry 17, 2023 edition of AppleMagazine.
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