> Warren Buffett Blog: August 2018

Thursday, August 30, 2018

Berkshire increases investments in Goldman Sachs

Berkshire has increased its ownership of shares in Goldman Sachs by 21 percent according to a recent SEC filing.

Berkshire added to Goldman in the second quarter of 2018 as the stock had fallen nearly 10 percent. Goldman recently announced that Lloyd Blankfein, its CEO for the last 12 years, will step down from that role in September and retire at the end of the year, to be succeeded by David Solomon.

The company first made its first bet on Goldman Sachs in 2008 after the collapse of Lehman Brothers. 

Monday, August 13, 2018

Warren Buffett now owns more than $50 billion worth of Apple shares

A regulatory filing recently filed showed that Berkshire Hathaway has now owns nearly $50 billion as of June 30, 2018. Berkshire Hathaway owned approximately 246.5 million shares at the time, or 5.1% of the company's outstanding shares. This represents the single biggest stake of a Berkshire owned company.

Buffett's stake certainly received a boost recently as Apple became the first US company to top $1 trillion in market cap. Berkshire Hathaway is the third-largest shareholder in Apple, behind Vanguard and BlackRock.

Earlier this year, Buffett told CNBC that he would "love to own 100 percent" of Apple. He added, "we like very much the management, and the way they think, and the way they act."