Why we’ll never know who made Berkshire Hathaway’s epic Apple call.

Berkshire Hathaway, the global conglomerate and investment behemoth led by Warren Buffett, has historically shied away from buying technology stocks. Today, Berkshire Hathaway is the largest owner of Apple stock.

Berkshire began investing in Apple shares during the first quarter of 2016. Berkshire gradually added to its position.  At the end of 2016, Berkshire owned 57.4 million shares of Apple (AAPL). In his annual shareholder letter, Buffett noted that they purchased the shares for an average cost of just over $110 per share in 2016.

Buffett revealed to CNBC in late February that Berkshire continued to purchase Apple shares in 2017, with the latest number being 133 million shares, a position currently valued at more than $19 billion.

Apple’s stock has gained 24% year-to-date. The stock was most recently trading above $144.

No one at Berkshire wants to be wedded to an investment

Buffett has previously hinted that “one or more” of his young investment deputies — Todd Combs and Tedd Weschler — were behind that investment. Combs and Weschler each manage more than $10 billion for Berkshire.



Julia La Roche.
Full story at Yahoo News.