2024-04-27 04:24:00 ET
It's not a surprise that most investors closely follow Warren Buffett. Based on his track record managing Berkshire Hathaway , he's arguably the greatest capital allocator ever.
The Oracle of Omaha has owned many stocks over the years, but none has moved the needle quite like Apple (NASDAQ: AAPL) . Berkshire first purchased shares in the first quarter of 2016. From the start of that year to right now, the "Magnificent Seven" stock has skyrocketed 527% (as of April 19). It makes up 41% of the conglomerate's portfolio.
Apple's market cap is a whopping $2.6 trillion, and after such a remarkable performance, shares trade at a price-to-earnings ratio of 25.7. This makes you wonder why Buffett still owns shares.
For further details see:
After Apple Stock Has Skyrocketed 527%, Why Does Warren Buffett Still Own It?