Warren Buffett’s Berkshire Hathaway Inc, increased his stake in Apple Inc. by 55%, boosting its bet on the iPhone and iPod maker even as prominent investors like George Soros and Carl Icahn shed theirs. Berkshire owns shares worth 1.46 billion (15.23 million shares) starting from 30th of June, and previously he owned 9.85 million shares.
The filing also said Berkshire cut its stake in Wal-Mart Stores Inc, the world’s largest retailer, by 27 percent to about 40.23 million shares from 55.24 million.
It was unclear weather Todd Combs and Ted Weschler are investing in Apple.
Berkshire owned more than $133 billion of equities as of June 30. Buffett is typically responsible for larger investments such as Wal-Mart, while his deputies handle smaller investments.
Berkshire also owns roughly 90 businesses, including Geico car insurance, the BNSF railroad, Dairy Queen ice cream, Duracell batteries, and Fruit of the Loom underwear, and purchased aircraft and industrial parts maker Precision Castparts Corp for $31.2 billion.
Berkshire revealed its higher Apple stake on the same day George Soros’ firm Soros Fund Management and Leon Cooperman’s Omega Advisors Inc said they dissolved their own Apple stakes.