Almost Half of Warren Buffett-led Berkshire Hathaway's $365 Billion Portfolio Is Invested in Only 1 Stock
Scouring Berkshire's equities portfolio for potential investments might be a smart idea for the average investor.
By doing so, you'll quickly realize that about 49% of the massive $365 billion portfolio is invested in just one stock: Apple (AAPL).
Berkshire Hathaway first purchased shares of Apple during the first quarter of 2016. Since Jan. 1 of that year to Dec. 12 of this year, the iPhone maker's stock price has skyrocketed 639%. That easily outpaces the 190% rise of the Nasdaq Composite.
Looking back almost eight years, it's not hard to understand why Buffett was attracted to Apple as an investment opportunity. I think there were three key reasons.
Clearly, Apple worked out as a fantastic investment. And based on the dollar value of gains, it might be the most financially lucrative bet that Buffett has ever made. Even this year, the stock has soared 50%, so there is still strong momentum.
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