![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, June 23, 2023 3:15:24 PM
Friday, June 23, 2023 1:32 pm
Warren Buffett loves to concentrate his Berkshire Hathaway’s invested capital in a small number of top ideas and, after buying back Berkshire Hathaway stock, his top idea is the world’s most valuable company, Apple, which accounts for close to 48% of Berkshire’s invested assets.
Sean Williams for The Motley Fool:
As of the closing bell on June 16, 2023, the 915,560,382 shares of Apple stock held by Berkshire Hathaway equates to a market value of $169.3 billion. This works out to 47.8% of the invested assets of Berkshire’s investment portfolio and is nearly 40 percentage points higher than the second-largest holding by portfolio weighting, Bank of America (8.5%).
The Oracle of Omaha and his team are up big on their Apple stake. Based on estimates from Form 13F aggregator WhaleWisdom.com, the more than 915 million Apple shares owned by Berkshire Hathaway have a cost basis of $39.62. In other words, Buffett and his investing lieutenants (Ted Weschler and Todd Combs) have turned an approximate $36.3 billion investment into $169.3 billion, not including dividends paid, over seven years. Not too shabby!
Buffett hasn’t been shy about his feelings for Apple. During Berkshire’s annual meeting, he referred to the tech giant as “a better business than any we own.” That’s a powerful statement considering Berkshire holds stakes in around four dozen securities and has acquired roughly five dozen companies over the years.
MacDailyNews Take: Investor’s could do worse — much worse — by not simply following Buffet’s investments and advice.
Those who have iron stomachs in the face of risk, year after year, can make multiple millions of dollars with relatively very little invested, if they go “all in” on the right company long term.
Diversification is… a protection against ignorance. — Warren Buffett
On December 20, 1996, when Apple announced the acquisition of NeXT and the return of Steve Jobs, an Apple share sold for 18-cents.*
In April 2003, Apple shares sold for 20-cents each.* Even as recently as January 07, 2019, Apple closed at just $35.64*!
Anyone who invested in AAPL, even in later years, without the loss-making hedges in the name of diversification, sports an incredibly better annualized return than, for example, “legendary investor” Peter Lynch’s 29.2% (which is rather laughably weak when viewed by long-term, mainly AAPL investors).
The actual “legendary investors” would be those who began buying AAPL upon the return of Steve Jobs, never stopped buying AAPL year after year, reinvested dividends in AAPL every quarter, never wasted money on diversification in the name of “mitigating risk,” but who instead went “all in” on AAPL and never sold a share.
Diversification, in the absence of investing perfection (which does not exist), also does an excellent job of mitigating big, life-changing profits.
*Prices adjusted for splits and dividend distributions.
Related
Why we’ll never know who made Berkshire Hathaway’s epic Apple call
Tuesday, May 2, 2017
In "News"
Warren Buffett’s Berkshire Hathaway adds nearly 4 million shares to Apple stake
Thursday, November 16, 2017
In "News"
Warren Buffett tripled investment in Apple shares in Q416 to 57.36 million shares
Wednesday, February 15, 2017
In "News"
https://macdailynews.com/2023/06/23/apple-is-nearly-50-of-berkshire-hathaways-portfolio-warren-buffett-apple-is-a-better-business-than-any-we-own/
Recent AAPL News
- Trump Media Resells Stocks and Warrants; KB Home Exceeds Q2 Expectations, and More News • IH Market News • 06/20/2024 10:55:11 AM
- Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur • Business Wire • 06/20/2024 02:00:00 AM
- Nvidia Overtakes Microsoft To Become World’s Most Valuable Company • IH Market News • 06/19/2024 09:32:08 AM
- Fisker Files for Bankruptcy, Chegg Stocks Rise on 23% Workforce Reduction, and More • IH Market News • 06/18/2024 11:02:13 AM
- Goldman Sachs Raises S&P 500 Forecast for 2024; Disney Secures Deadpool & Wolverine in Chinese Cinemas, and More • IH Market News • 06/17/2024 10:49:12 AM
- Adobe Soars 15% Pre-Market; Visa and Mastercard Encounter Hurdles in $30 Billion Agreement, and More • IH Market News • 06/14/2024 11:21:47 AM
- Tesla Surges 5% in Pre-Market; Virgin Galactic Drops 9% Following Reverse Stock Split, and More News • IH Market News • 06/13/2024 11:24:25 AM
- Tamer Than Expected Inflation Data May Spark Early Rally On Wall Street • IH Market News • 06/12/2024 01:07:00 PM
- Paramount Ends Skydance Talks, Oracle Shares Surge 8.7% on New Partnerships, and More News • IH Market News • 06/12/2024 11:19:10 AM
- U.S. Futures Rise on Fed Decision; Oil Gains on Demand Forecasts • IH Market News • 06/12/2024 11:13:28 AM
- Nasdaq, S&P 500 Recover From Early Weakness To Reach Record Highs • IH Market News • 06/11/2024 08:49:55 PM
- FDA Panel Supports Eli Lilly’s Donanemab, Rio Tinto Expands Stake in Boyne Smelters, and More News • IH Market News • 06/11/2024 11:11:40 AM
- Apple extends its privacy leadership with new updates across its platforms • Business Wire • 06/10/2024 09:40:00 PM
- Apple empowers developers and fuels innovation with new tools and resources • Business Wire • 06/10/2024 09:00:00 PM
- macOS Sequoia takes productivity and intelligence on Mac to new heights • Business Wire • 06/10/2024 06:43:00 PM
- watchOS 11 brings powerful health and fitness insights, and even more personalization and connectivity • Business Wire • 06/10/2024 06:43:00 PM
- iPadOS 18 introduces powerful new intelligence features and apps designed for Apple Pencil • Business Wire • 06/10/2024 06:43:00 PM
- iOS 18 makes iPhone more personal, capable, and intelligent than ever • Business Wire • 06/10/2024 06:43:00 PM
- Introducing Apple Intelligence, the personal intelligence system that puts powerful generative models at the core of iPhone, iPad, and Mac • Business Wire • 06/10/2024 06:43:00 PM
- visionOS 2 brings new spatial computing experiences to Apple Vision Pro • Business Wire • 06/10/2024 06:43:00 PM
- Updates to the Home experience elevate entertainment and bring more convenience • Business Wire • 06/10/2024 05:37:00 PM
- Apple Vision Pro arrives in new countries and regions beginning June 28 • Business Wire • 06/10/2024 05:14:00 PM
- Apple Showcases AI at WWDC 2024, Nvidia Stock Split Starts Today, and More News • IH Market News • 06/10/2024 11:29:44 AM
- GME Volatile as Roaring Kitty Goes Live Today, Meta Unveils AI for WhatsApp Ads, and More • IH Market News • 06/07/2024 12:09:15 PM
- Nvidia Becomes 2nd Most Valuable Company in the USA, ASML Takes 2nd Spot in Europe, and More News • IH Market News • 06/06/2024 11:34:59 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM