Apple may be a permanent holding for Warren Buffett’s Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway now owns the exact same number of shares of Apple as he does Coca-Cola – 400 million – which may indicate Apple has become a “permanent” holding for Berkshire.
Yun Li for CNBC:
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Many Buffett followers made the curious observation after a regulatory “13-F” filing Wednesday night revealed Berkshire Hathaway
’s equity holdings at the end of the second quarter. It showed an identical 400 million share count in Apple and Coca-Cola, Buffett’s oldest and longest stock position.
It’s prompted some to believe that the “Oracle of Omaha” is done selling down his stake in the iPhone maker.
“If Buffett likes round numbers, he may not be planning to sell any additional shares of Apple,” said David Kass, a finance professor at the University of Maryland’s Robert H. Smith School of Business. “Just as Coca-Cola is a ‘permanent’ holding for Buffett, so may be Apple.”
[A]t Berkshire’s annual meeting in May, Buffett did compare the two and referenced the holding period for both was unlimited.
“We own Coca-Cola, which is a wonderful business,” Buffett said. “And we own Apple, which is an even better business, and we will own, unless something really extraordinary happens, we will own Apple and American Express and Coca-Cola.”

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MacDailyNews Take: To be owned by Berkshire Hathaway is an unequaled stamp of approval.
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