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Warren Buffet Buys More Apple to Keep Berkshire Hathaway Healthy


Nov. 15 2018, Updated 10:14 a.m. ET

Warren Buffett’s investments in Q3 2018

The Oracle of Omaha Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) is one of the world’s most prominent names in investing. On November 14, the company filed its latest 13F with the SEC, disclosing changes in its holdings during the third quarter. In this series, we’ll take a look at the top stocks Warren Buffet’s investing firm has been betting on lately.

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Buffett buys more Apple shares

In the third quarter, Berkshire Hathaway bought about 522,902 more shares of Apple (AAPL). The company now owns about 252.5 million Apple shares. In the last quarter, Berkshire Hathaway’s stake in Apple rose to $56.99 billion, up 22.2% from $46.64 million in the second quarter.

On October 30, Apple unveiled its new iPad Pro and range of Mac computers, including the new MacBook Air with edge-to-edge retina display and a new Mac Mini.

In the quarter ended September 30, AAPL reported a ~41% year-over-year rise in its adjusted earnings to $2.91 per share. As of November 13, Apple stock was maintaining 10.4% year-to-date gains despite 17.2% losses on a quarter-to-date basis. The company also managed to beat Wall Street analysts’ estimates for its earnings and revenue. However, AAPL’s weak sales guidance for the next quarter disappointed investors.

In the next part of this series, we’ll look at how Warren Buffett’s position in Bank of America and Well Fargo changed in the third quarter.


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