Berkshire Hathaway, Warren Buffett's hedge fund, disclosed a stake in Apple to the music of 9.81 million shares as of March 31. The discovered SEC filing published that the billionaire picked up the shares, valued at $1.07 billion, in the primary quarter of 2016.
BREAKING: Berkshire Hathaway studies new stake in Apple with 9,811,747 shares owned.— CNBC Now (@CNBCnow) May 16, 2016
It is a fascinating transfer bearing in mind Buffett has lengthy been a skeptic of Apple and generation investments as an entire. In gentle of the acquisition Apple's shares rose 2.2 percent to $92.50 in early buying and selling after Berkshire disclosed the preserving.