Warren Buffett's Berkshire Hathaway Inc increased its bets on Apple Inc by over $3 billion in the fourth quarter, while it significantly cut its position in Bank of New York, according to a regulatory filing on Tuesday.
by over $3 billion in the fourth quarter, while it significantly cut its position in Bank of New York, according to a regulatory filing on Tuesday.
Buffett's company bought another 20.8 million Apple shares worth $3.2 billion, raising its stake to 5.8%, according to the filing.It also disclosed a new stake of $84 million in building materials company Louisiana-Pacific CorpBerkshire shrunk its stake in BNY Mellon by roughly 60%, to 25.1 million shares. At current prices, the divestment is worth nearly $2 billion., maker of the "Call of Duty" video game. The number of shares Berkshire holds fell 12.3%, to 52.7 million.
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