Buffett Singles Out Apple Among Top Three Valuable Holdings
- Berkshire has amassed $120 billion in technology firm’s stock
- Apple investment illustrates ‘power of repurchases:’ Buffett
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Berkshire Hathaway Inc.’s holding in Apple Inc. has become so valuable that Warren Buffett eyes it on an equal footing to the sprawling railroad business he spent a decade building.
Buffett has amassed $120 billion worth of Apple stock since his conglomerate started purchases in late 2016, while only spending $31.1 billion building that stake. That places it among his top three most valuable assets, alongside his insurers and BNSF, the American railroad purchase he completed in 2010, he said in his annual letter on Saturday.