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

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.