Yahoo Finance Warren Buffett ramps up his bet on Apple, cuts back on Wal-Mart
Warren Buffett’s Berkshire Hathaway added to its Apple stake and sold some Wal-Mart stock.
Berkshire Hathaway, which has historically avoided investing in technology companies, increased its Apple (AAPL) position by 55% from 9.8 million shares to just over 15.2 million shares, according to a 13-F filing.
Berkshire Hathaway first disclosed its Apple position back in May.
Meanwhile, Berkshire Hathaway sold 15 million shares of Wal-Mart Stores (WMT), bringing its total stake in the retailer to just north of 40.2 million. This is a 27% decrease.
Berkshire Hathaway also trimmed its stakes in Liberty Media Co (LMCK), Liberty Media Grup (LMCA), Suncor Energy (SU), and VeriSign (VRSN).
Elsewhere, George Soros’ family-office hedge fund Soros Fund Management sold its entire stake in Apple during the second quarter. Soros had held 3,100 shares of Apple, which he bought in the first quarter.
The 13-F filings come out 45 days after the end of every quarter. They show long-only stock positions.
Julia La Roche is a finance reporter at Yahoo Finance.
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