Scott Morgan/REUTERS
The value of the 887 million shares of Apple held by the company grew on Friday.
The stake is worth half of the equity portfolio and 25% of the market cap.
In the year 2016 Warren Buffet started to build his position in Apple.
Warren Buffet is known for investing in the best companies to build wealth, and his stake in Apple is no different.
The value of the shares in the company grew to a new high of $159 billion on Friday, a 342% increase from the original cost. Apple is now worth more than half of the $293 billion equity portfolio, based on data from its third-quarter 13F filing.
The equity stake in Apple is about 25% of the market cap of the company.
It didn't take decades to compound like most successful investments managed by the man. Five years have passed since the beginning of the build up of the stake in Apple.
After adjusting for a 4-for-1 stock split in 2020, the conglomerate's position of 1 billion Apple shares was topped in the middle of last year. Since building his stake in Apple, Buffett has trimmed his position by about 12%.
According to an analysis by Bespoke, the stock portfolio would be up 13.9% quarter-to-date if there were no changes since the most recent 13F filing. Apple's quarter-to-date gain of more than 20% has been the main driver of that gain.
Apple is up 31% compared to 26% for the year to date. Apple's stock price was close to hitting a $3 trillion valuation on Monday.
Bank of America, American Express, and Coca-Cola make up 30% of the equity portfolio's value. $150 billion is the amount of cash that has yet to be put to work.
Business Insider has an original article.
