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Warren Buffett's Berkshire Hathaway reveals $904m Amazon stake for the first time

Investors knew Berkshire Hathaway was buying up Amazon. Now they know just how much

Article originally published by Business Insider. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

  • Berkshire Hathaway disclosed in a filing with the Securities and Exchange Commission Wednesday that it bought 483,300 shares in the first quarter, worth about $904 million.
  • CEO Warren Buffett told CNBC earlier this month Berkshire had been buying Amazon shares, but didn't reveal how much.

Investors knew Berkshire Hathaway was buying up Amazon. Now they know just how much.

Warren Buffett's conglomerate revealed in a filing with the Securities and Exchange Commission Wednesday that it bought 483,300 shares in the first quarter.

With Amazon's closing price Wednesday of $1,871.15 a share, that puts the value of the stake at just over $904 million. Berkshire Hathaway's position may have changed since the end of the first quarter.

Amazon's stock rose modestly in late Wednesday trading.

Buffett first said earlier this month in an interview with CNBC that Berkshire was buying up Amazon, but that he wasn't doing the purchasing himself.

Amazon.com Inc.
$1,757.51 -1.68%
Berkshire Hathaway Inc
$208.76 0.07%

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"One of the fellows in the office that manage money ... bought some Amazon so it will show up in the 13F," he told the network just before the Omaha giant's annual shareholder meeting kicked off.

This article was written by Rebecca Ungarino from Business Insider and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to legal@newscred.com.

Article originally published by Business Insider. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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