Warren Buffett's Berkshire Hathaway loads up on Apple, Teva Pharmaceuticals, Goldman Sachs
Warren Buffett, arguably the best investor of all time, announced his first quarter portfolio on Tuesday evening. The most significant buys included Apple Inc. (NASDAQ:AAPL), Israeli generic drug company Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) and Goldman Sachs Group Inc (NYSE:GS).
Berkshire Hathaway Inc. (NYSE: BRK.A) which filed an update on its US stock portfolio with the Securities and Exchange Commission disclosed it held nearly 252 million Apple shares at the end of June, up from 239.57 million in March.
Buffett’s big bet on Apple was first disclosed in a CNBC interview when the “Oracle of Omaha” revealed Berkshire Hathaway bought 75 million more shares of the iPhone maker in the first quarter and dumped all its shares in computer giant IBM (NYSE:IBM).
Buffett, who earlier in his career famously steered clear of tech stocks because he didn’t understand them, told CNBC the tech giant’s earnings prowess was a major reason why he took an even bigger bite of Apple.
Apple recently won the race with Amazon.com Inc (NASDAQ:AMZN) to become the first US company to reach a market value of US$1tn, and its shares have surged 23% this year.
“According to data compiled by Bloomberg, Berkshire Hathaway’s average cost-basis has been US$141.18 per Apple share. That means Berkshire has seen paper gains of more than US$17.2 billion on its position, according to our calculations,” reported Yahoo Finance.
The 13-F second quarter filing showed that the Teva Pharmaceutical investment which was just disclosed earlier this year expanded to 43.2 million shares from 40.5 million in the first quarter.
Berkshire also upped its holdings of Goldman Sachs by 21%, Delta Air Lines Inc (NYSE:DAL) by 18.8% and Southwest Airlines Co (NYSE:LUV) by 18.7%, while cutting its investments in airline and banking companies, such as American Airlines Group Inc (NASDAQ:AAL) and US Bancorp (NYSE:USB).
Besides investments, Berkshire owns more than 90 companies, including insurance, retail, manufacturing, railroad and candy companies.
Contact Uttara Choudhury at [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/202960/warren-buffett-s-berkshire-hathaway-loads-up-on-apple-teva-pharmaceuticals-goldman-sachs-202960.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.
| Online: | |
| Visits: | 1,608,343,977 |
| Stories: | 8,164,323 |
Whistler Blowers, Insiders
