Berkshire Hathaway Just Reported 9.8 Million Share Stake In Apple
Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-B) just made a big bet on Apple Inc. (NASDAQ: AAPL).
According to Berkshire Hathaway's most recent Form 13F, the firm owns 9,811,747 shares of Apple.
News of Buffett's stake in Apple helped boost the company's shares higher by more than 2 percent early Monday morning.
According to CNBC, Berkshire Hathaway's latest bet wasn't a purchase made by Buffett, rather it was one of his two lieutenants.
"I can tell you this was not a purchase Warren Buffett made. It was one of his two lieutenants" - @BeckyQuick, on @CNBC $AAPL
— Carl Quintanilla (@carlquintanilla) May 16, 2016
The tech giant recently traded at $92.16, up about 1.8 percent in the pre-market session. The stock hit a 52-week low last week, falling under the $90 level for the first time since June 2014.
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