Investor George Soros became the owner of Apple shares in the amount of $340 000
Soros Fund Management, founded by famous investor and billionaire George Soros, in the first quarter of 2016 became the owner of shares of Apple. New Soros investment Fund are 3,100 shares of the iPhone maker, which are estimated at $338 000.
As reported in the media, directed the hedge Fund to the Commission on securities and stock exchanges of the USA, the total value of the portfolio of Soros Fund assets at the end of the first quarter was $4.53 billion compared to $6,05 billion at the end of last year.
It is noteworthy that George Soros cut stakes in a number of major IT companies. So, at the end of March, the hedge Fund owned only 6637 shares of Google Inc., holding of Google, compared to 65 570 shares at the end of the fourth quarter of last year. The share of the Soros Fund in Facebook decreased to 442 696 816 761 shares of stock, in Amazon.com up to 71 140 106 363 securities.
Earlier this week it was reported that the largest invest-Fund Berkshire Hathaway has declared that it owns to 9.81 million shares of Apple. At the end of trading at the time of purchase one share of the California-based company was worth $108,99. Based on these data, Berkshire Hathaway could pay for to 9.81 million shares of $1,069 billion, According to the source, Berkshire Hathaway ranks 56th place among the shareholders of the Corporation Apple. On the news of the purchase of securities by Buffett, Apple shares rose 2%.
About buying Apple shares George Soros and Warren Buffett became known shortly after two major outside shareholder of the company sold its securities. At the end of April immediately after the publication of its financial reports Apple billionaire investor Carl Icahn has sold all its shares in the company, with the result that they fell by 3%. Another influential investor David Tepper also sold all of its assets. This decision he took because of concerns about the Apple business.