The Wall Street Journal: Buffett’s Berkshire Hathaway buys another 12.4 million Apple shares

The Wall Street Journal: Buffett’s Berkshire Hathaway buys another 12.4 million Apple shares

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.

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