Warren Buffett’s Berkshire Hathaway added to its Apple stake and sold some Wal-Mart stock.
Berkshire Hathaway, which has historically avoided investing in technology companies, increased its Apple (AAPL) position by 55% from 9.8 million shares to just over 15.2 million shares, according to a 13-F filing.
Berkshire Hathaway first disclosed its Apple position back in May.
Elsewhere, Berkshire Hathaway sold 15 million shares of Wal-Mart Stores (WMT), bringing its total stake in the retailer to just north of 40.2 million. This is a 27% decrease.
Berkshire Hathaway also trimmed its stakes in Liberty Media Co (LMCK), Liberty Media Grup (LMCA), Suncor Energy (SU), and VeriSign (VRSN).
The 13-F filings come out 45 days after the end of every quarter. They show long-only stock positions.
By: Julia La Roche (Yahoo).
Photo: Phil Stock World.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
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