Berkshire Hathaway boosted its Apple stake

One of the most eminent investors around the world, Warren Buffett during the annual Berkshire Hathaway shareholders meeting held on Saturday, informed that the company has increased its Apple stake in the first quarter of the year. During a discussion about the value of stock buybacks, Buffet said, "We actually bought a little more Apple in the first quarter, and Apple bought out some of the other shareholders." However, he didn't state exactly how much, but Berkshire will provide an update on its stock portfolio as of March 30 in mid-May.

At the end of the previous year, the company owned 908 million shares of Apple, worth $161 billion. At the end of March. its stake in Apple was worth $159 billion, per its first-quarter earnings. Apple is by far the most valuable stock in the company’s stock portfolio, which was worth $391 billion at the end of March. Warren Buffet led Berkshire is Apple's largest individual shareholder. It owns a stake of more than 5% in Apple.

Previously the eminent investor has acknowledged Apple as one of the best businesses he knows, appreciated Apple CEO Tim Cook as a wonderful manager, and counted it among Berkshire's "four giants" in his annual letter, along with the insurance business, the BNSF Railway, and Berkshire Hathaway Energy.