Warren Buffett‘s Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) announced its first-quarter results on Saturday, with the investment guru hosting the annual shareholder event in Omaha, Nebraska. A regulatory filing also showed a second straight quarter of trimming its Apple stake. Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk saw this as a potential opportunity for Berkshire to invest in the electric vehicle maker.
What Happened: A Tesla fan following the weekend shareholder meeting offered some advice to Buffett on social media: “C’mon Warren Buffett, sell all your and buy .”
Berkshire’s Apple Holding: At the end of the first quarter, Berkshire’s Apple holding stood at $135.4 billion, down over 22% from the previous quarter. The exact number of shares will be known only when the firm files its 13F report.
Based on Apple’s average first-quarter stock price of $181.83, Berkshire may have held 744.65 million shares at quarter-end, lower than the 904.87 million shares at the end of the fourth quarter.
Buffett shrugged off ...