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Berkshire takes huge bite of Apple, boosts airline stakes

Berkshire appeared to have shed a $1.8 billion stake in agricultural equipment maker Deere & Co

Reuters  |  New York 

Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest US airlines. In a regulatory filing, Berkshire reported owning 57.4 million shares of Apple as of December 31, which would now be worth $7.74 billion, up from just from 15.2 million shares in the iPhone maker three months earlier. Berkshire also reported a $9.3 billion airline stake, with investments topping $2.1 billion in each of American Airlines Group Inc , Delta ...

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First Published: Wed, February 15 2017. 11:25 IST