Warren Buffett's Apple Shares Could Be Down $181 Million Since March
Warren Buffett's investment vehicle Berkshire Hathaway Inc.'s new investment in Apple Inc. could be worth about $181.2 million less than it was 6 1/2 weeks ago, at the end of the first quarter. Berkshire's 13F filing showed that it owned a new 9,811,747 stake in Apple as of March 31, when the stock closed at $108.99, or 20% above Friday's closing price of $90.52. The filing did not disclose at what prices the shares were bought. The volume-weighted average price of Apple's stock during the quarter was $99.59. At that price, if its position in Apple was unchanged, Berkshire could have lost about $89 million on its Apple stake through Friday.
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