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Why Berkshire Hathaway's Shares Popped 11.6% in August

TheMotleyFool

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Why Berkshire Hathaway's Shares Popped 11.6% in August

Shares of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) jumped 11.6% in August, according to data provided by S&P Global Market Intelligence, as its biggest holding rose sharply. Berkshire Hathaway may not be a technology stock, but it does own a lot of Apple (NASDAQ: AAPL) stock, and that helped shares last month.

Berkshire Hathaway owns a whopping 980.6 million shares of Apple stock, worth nearly $90 billion today. And that alone is enough to push the stock higher. Apple stock was up 21.4% in August, worth $22.3 billion.