Tuesday, August 16, 2016
Warren Buffett loaded up on more Apple shares in the second quarter
Leon Halip/Getty Images
Warren Buffett's Berkshire Hathaway bought more Apple shares in the second quarter, according to its latest form 13F filing.
The regulatory filing showed that the company bought 5.42 million Apple shares to bring its tally to 15.2 million, valuing its stake in the tech giant at $1.46 billion.
Berkshire sold 15 million Walmart shares, dropping its stake by 27%, to a holding worth $2.94 billion, the 13F showed.
The company also reduced its stakes in the farming equipment giant Deere and Suncor Energy.
Kraft Heinz remained Berkshire's biggest holding, making up 22% of Warren Buffett's company's holdings, according to Bloomberg.
Wells Fargo, Coca-Cola, IBM, and American Express were the other top holdings, and no additional shares were bought or sold.
Large investment firms, including hedge funds, are required to disclose their long positions in stocks every quarter. Because of a time lag, they may have exited or changed the positions they list in the filings.