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Berkshire Hathaway (NYSE:BRK.B) (NYSE:BRK.A), the massive insurance and investment firm built by Warren Buffett, lightened its holdings in some of its traditional banking stocks while loading up on more Apple (NASDAQ:AAPL) shares, according to its latest 13F filing.
The firm also increased its stake in Apple (AAPL) to ~915.6M shares from ~907.6M, its largest equity investment.
This is incorrect. Berkshire didn't buy any additional Apple shares in the quarter. The number of Apple shares Berkshire owns only rose by 333,856 shares (not the 8 million shares claimed in the quoted article). This is the exact number of AAPL shares that Alleghany owned prior to the merger. Every other common stock of Alleghany was sold except for the 333,856 AAPL shares LOL...
