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As we read, shares of the Omaha group rose 0.8% to $696,502.02 per share on Wednesday. That pushed it over the magical trillion dollar threshold.
Berkshire Hathaway’s stock price has recorded a staggering increase of more than 28% since the beginning of 2024, outperforming the 18% increase in the S&P 500. According to CNBC, the amount exceeded the $1 billion threshold two days before the 94th birthday of Buffett, known as the “Oracle of Omaha.”
CFRA Research analyst Cathy Seifert commented that the achievement is a testament to the company’s financial strength and brand value.
The rest of the article is below the video
See also: He sells 500 cars per month. How much money does he make?
Buffett’s fund has a lot of cash
At the end of the second quarter, the fund’s Apple holdings were valued at $84.2 billion, meaning more than 49% of the tech company’s shares were sold. Despite the sell-off, Apple still makes up the largest portion of Berkshire’s portfolio.
In addition to Apple, the fund has sold shares of other companies worth a total of $75 billion. The first major sale of Apple occurred in the first quarter of 2024, and was explained as tax reasons, but the scale of the current sell-off may indicate other factors. Berkshire Hathaway began investing in Apple in 2016 and has continued to increase its holdings in Apple over the years, at one point accounting for half of the fund’s portfolio.
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