Berkshire Hathaway, Warren Buffett's hedge fund, disclosed a stake in Apple to the tune of 9.81 million shares as of March 31. The discovered SEC filing revealed that the billionaire picked up the shares, valued at $1.07 billion, in the first quarter of 2016.
BREAKING: Berkshire Hathaway reports new stake in Apple with 9,811,747 shares owned.— CNBC Now (@CNBCnow) May 16, 2016
It's an interesting move considering Buffett has long been a skeptic of Apple and technology investments as a whole. In light of the purchase Apple's stocks rose 2.2 percent to $92.50 in early trading after Berkshire disclosed the holding.