Apple Inc. (NASDAQ:AAPL) has a big fan in the midwest.
According to its latest 13F report, Omaha, Nebraska-based Berkshire Hathaway significantly increased its stake in Apple in the third quarter. Market Realist has more details on how big Warren Buffett’s stake in the world’s most valuable company has gotten lately:
In our earlier series, we saw that Warren Buffett has been gradually increasing his firm’s position in Apple since 2Q16. In 3Q17, Apple represented nearly 11.6% of the firm’s portfolio. The firm added 3.9 million shares in Apple in 3Q17.
According to the institutional ownership report, Buffett’s Berkshire Hathaway is the fifth largest investor in Apple in 3Q17 with 134 million shares. Vanguard Group was the largest investor in Apple in 3Q17 with 344.5 million shares. Apple is the third largest holding in Berkshire Hathaway’s portfolio.
Strong institutional ownership growth like this — along with the success of the iPhone X — could wind up pushing Apple to become the first-ever $1 trillion company next year. Believe it or not, shares only need to rise another 14.5% to reach that mark.
Apple Inc. shares fell $0.15 (-0.09%) in premarket trading Monday. Year-to-date, AAPL has gained 49.27%, versus a 17.00% rise in the benchmark S&P 500 index during the same period.