Apple Stock Jumps to Another Record After Warren Buffett Triples his Stake

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Shares of Apple hit an all time high today after Warren Buffett’s Berkshire Hathaway disclosed that it boosted its stake in the technology giant to nearly $20 billion in recent months.

The billionaire investor’s investment vehicle disclosed in its quarterly filing with the Securities and Exchange Commission that Apple was its second-biggest holding by value, after increasing its investment to $19.2 billion worth of the stock as of March 31st from $7.1 billion as of the end of 2016.

Based on the March 31st closing price of Apple’s stock that means Berkshire Hathaway owned approximately 134 million Apple shares or 2.6% of the shares outstanding. An ownership stake that makes Buffet’s company the fourth largest shareholder.

Apple shares traded as high as $153.25 in midday trade, up almost 3% on the day putting it on track to close at another record high.

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