> Warren Buffett Blog: Apple stake purchase done by Todd Combs or Ted Weschler

Monday, June 20, 2016

Apple stake purchase done by Todd Combs or Ted Weschler

Berkshire Hathaway's purchase price of Apple Stock has now been revelaed as $99.49. That’s what Warren Buffett’s company paid, on average, to accumulate its stake in Apple, according to a recent regulatory filing.

The company purchased 9.81 million shares of Apple in the days through March 14 for about $976 million, The holding was initiated by one of Buffett’s investment managers, Todd Combs or Ted Weschler. Though the billionaire’s deputies may deviate from his well-known avoidance of technology stocks, they tend to follow his deeper ideas about investing, including buying stocks at prices where they believe there’s a “margin of safety” — or a buffer against losses.