Unsurprising to anyone that Berkshire Hathawaymogul company Warren buffett, one of Apple's largest investors in the world. The last time we talked about it, the company kept buying Ma shares (taking advantage of the downturn) and already owned about 5 percent of Cupertino's giant. Now this share has been slightly reduced.
In recent documents submitted to the U.S. Securities and Exchange Commission, Berkshire Hathaway reported that by December 31, 2018, it had reduced its number of Apple papers to 249.6 million shares. Last September, Buffett and his company owned 252.5 million shares, or about 3 million papers were sold by the investor. At the moment, Buffett's stock is worth about $ 40 billion.
In the same period, Berkshire Hathaway sold its entire $ 2.3 billion stake in Oracle (a rare move considering Larry Ellison's shares had been bought back in 2018) and acquired holdings in Canadian Suncor energy and at the developer Red hat.
Remember that this data only refers to transactions made until the end of 2018, which means that we are not seeing in them possible reflections of recent events at Apple mainly the letter from Tim Cook informing investors about the fall of iPhones sales and the Announcement of the most recent financial results of the company, which showed a 15% reduction in revenues from Ma's smartphones.
Buffett has also managed to retain voting power in Apple's shareholder panel (reserved for people or companies with more than 5 percent of Apple's shares) because it holds a total of around 255 million shares. This is because, in addition to the papers owned by Berkshire Hathaway itself, the investor also owns shares bought by her on behalf of other companies she represents.
In addition, it is important to note that the sale of Apple shares was not made by Buffett itself. In sent email Reuters, a tycoon's representative explained that the transaction was made by another Berkshire Hathaway executive with the intention of buying shares from another unspecified company. None of Buffett's papers have been sold, indicating that the investor remains as optimistic as ever with Ma even in tough times.