Warren Buffett’s Berkshire Hathaway Inc. continued to load up on technology giant Apple Inc. in the second quarter.
Berkshire
BRK.B, +0.32%
increased its holdings of Apple
AAPL, +0.42%
stock by 12.4 million shares in the quarter, taking its stake to $46.6 billion by the end of June, according to a new securities filing on Tuesday.
Read: Berkshire Hathaway ups Apple stake, shifts airline holdings
Buffett’s firm has largely avoided investing in the tech sector, even during a run-up in technology shares in recent years. One of the few exceptions has been Apple, which Buffett has said makes a consumer product he understands.
Berkshire has repeatedly added shares of the iPhone maker, including more than doubling its stake in early 2017. As of March 31, Berkshire was Apple’s second-largest shareholder after Vanguard Group, holding 4.96% of Apple stock.
An expanded version of this report appears on WSJ.com.
Also popular on WSJ.com:
Source : MTV
