Reported 2 months ago
Berkshire Hathaway reported a record cash reserve of $276.9 billion and an increase in operating income to $11.6 billion, driven largely by improvements in its insurance underwriting business. Despite reducing its stake in Apple by nearly 50% and also trimming its shares in Bank of America, Buffett indicated that Apple would likely remain a key holding. The company's performance has outpaced the S&P 500 with a 20% increase in Class B shares this year.
Source: YAHOO