Warren Buffett  Gains $40 billion from Apple Stock Purchase

 

Warren Buffet purchased $10 million Apple shares in May 2016. He holds $245 million shares, now worth more than $95 billion. 43% of Berkshire Hathaway’s entire stock portfolio is tied to Apple Stock.

Buffett’s deal to buy Dominion Energy Inc.’s natural gas assets signals that a  market’s shift away from fossil fuels won’t come anytime soon. Warren Buffett’s $9.7 billion bet on natural gas seems quite contrarian in the present time. Natural gas futures in the U.S. dropped in June at their lowest point in 25 years. Dominion Energy and Duke Energy Corp. scraped  plans for  a new gas pipeline crossing the Appalachian Trail due to stiff environmental opposition.

About: Berkshire Hathaway  and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B. Source

Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time.

Here is a list of companies that are subsidiaries of Berkshire Hathaway 

Acme Brick Company

International Dairy Queen, Inc.

Ben Bridge Jeweler

IMC International Metalworking Companies

Benjamin Moore & Co.

Johns Manville

Berkshire Hathaway Automotive

Jordan’s Furniture

Berkshire Hathaway Direct Insurance Company (THREE)

Justin Brands

Berkshire Hathaway Energy Company

Kraft Heinz

Berkshire Hathaway GUARD Insurance Companies

Larson-Juhl

Berkshire Hathaway Homestate Companies

LiquidPower Specialty Products Inc. (LSPI)

Berkshire Hathaway Specialty Insurance

Louis – Motorcycle & Leisure

biBERK Business Insurance

Lubrizol Corporation

BoatU.S.

Marmon Holdings, Inc.

Borsheims Fine Jewelry

McLane Company

Brooks

MedPro Group

BNSF

MiTek Inc.

Business Wire

MLMIC Insurance Company

Central States Indemnity Company

National Indemnity Company

Charter Brokerage

Nebraska Furniture Mart

Clayton Homes

NetJets®

CORT Business Services

Oriental Trading Company

CTB Inc.

Pampered Chef®

Duracell

Precision Castparts Corp.

Fechheimer Brothers Company

Precision Steel Warehouse, Inc.

FlightSafety

RC Willey Home Furnishings

Forest River

Richline Group

Fruit of the Loom Companies

Scott Fetzer Companies

Garan Incorporated

See’s Candies

 


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