We’ll find out tomorrow when the 13F comes out, but I’d be surprised if Berkshire didn’t buy more Apple shares in Q2. Warren paid at least $150/share for the shares that the bought in Q1, and he said that he would have bought more if the price hadn’t rebounded. In Q2 the price dipped to $130/share. At today’s price of $172/share and the June 30th share count Berkshire owns $153B worth of Apple stock, before deferred taxes, as compared to June 30 book value of $461B. Apple stock price has increased 23% since June 30.
We already know approximately how many Apple shares Berkshire bought in Q2 from the estimates possible using the 10Qs. Berkshire added something in the neighborhood of $540 million worth of Apple shares in the quarter and at quarter end owned somewhere in the vicinity of 915 million AAPL shares.
Berkshire also bought somewhere in the vicinity of $700m in additional CVX shares during Q2.
And OXY purchases have been thoroughly disclosed of course.
“We already know approximately how many Apple shares Berkshire bought in Q2 from the estimates possible using the 10Qs.”
Yes, of course. Thank you.