ceo warren buffet
In the first quarter of 2018, Buffett bought 75 million shares of Apple, on top of the 165.3 million shares of the company that Berkshire Hathaway had in its possession at the end of last year.
"It is an unbelievable company," Buffett said in conversation with CNBC about the move.
Buffett’s holdings are worth nearly $44 billion and the boost from the Oracle of Omaha saw Apple’ stock rise to a high of $183.65 per share.
If Buffett is bullish on Apple’s prospects, he is less so on IBM, to the point that he no longer has any shares in the veteran firm at all, according to a recent interview. At the close of 2017, Berkshire Hathaway owned a little more than 2 million shares of IBM after selling off almost 95 percent of the stake it did have.
But it seems that not all of the bets Buffett has made recently have paid off so well. The shares of the stock of a Chinese electric car company called BYD that Buffett invested in have lost roughly $9 billion over the past seven months.