Berkshire Hathaway trims stake in Apple, buys Google – filing

Berkshire Hathaway is out with its latest 13F filing and it doesn’t show it show any big deployments of the +$340 billion that Warren Buffett’s firm holds in cash.

Some notable highlights:

• Apple holdings cut by 14.9% (still worth $65 billion)
• Adds 17.8m shares of Alphabet (Google) worth $4.9 billion at today’s prices
• Eliminates holdings of D.R. Horton
• Cuts stake in Verisign by 32.4%
• Cuts stake in Bank of America by 6.1%
• Raises stake in Dominos Pizza by 13.2%

Buffett has previously lamented not investing in Google.

“We missed it,” the famed investor and Berkshire boss told CNBC in May 2017. “I should have got Google,” he told the same network a year later.

“Just imagine having something that every time you just hit a click
the cash register rung somewhere around California,” Buffett told CNBC
in 2017. “It was and is an extraordinary business and it has some
aspects of a natural monopoly.”

“It’s great to find something that costs a penny and
sells for a dollar and is habit forming,” he told the network a year
later. “This doesn’t cost anything … and it’s very useful.”

Google was trading under $40 when he said this and trades at $281 today.