Warren Buffett Only Owns Two Tech Stocks -- Can You Guess Which Ones?
Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK.B) has shied away from all but two tech stocks: Apple (NASDAQ: AAPL) and International Business Machine (NYSE: IBM). The Oracle of Omaha has famously said that he isn't keen on investing in big-cap tech names because their operations can be confusing. "If there's lots of technology, we won't understand it," he said.
But according to SEC filings, Buffet's holding company owns 130 million shares of Apple, valued at about $20 billion, and 54 million shares of IBM, valued at $7.9 billion.
Apple is currently valued at about $790 billion vs. IBM's $135 billion. Apple's stock price has risen about 60% since Buffet took a stake in it, but IBM's share price has fallen about 10%. "I thought it would do better in the six years that have elapsed than it has," Buffett said of IBM at Berkshire's annual meeting in May.
Source: Fool.com
