3 Reasons Warren Buffett Is Loading Up on Apple Stock

Buffett's holding company, Berkshire Hathaway, now owns about 133 million shares of the iPhone maker.

Warren Buffett has more than doubled his stake in Apple (symbol AAPL, $136.66) since the end of 2016, according to statements he made during a CNBC interview. The head of Berkshire Hathaway (BRK.B) said his holding company now owns about 133 million Apple shares. The big investment is looking like a shrewd move. Apple shares are setting record highs this year, already up 18% so far in 2017. With a market capitalization, or share price times total shares outstanding, of $719 billion, Apple is the most valuable public company in the world. (Prices as of February 24.)

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Dan Burrows
Senior Investing Writer, Kiplinger.com

Dan Burrows is Kiplinger's senior investing writer, having joined the august publication full time in 2016.

A long-time financial journalist, Dan is a veteran of SmartMoney, MarketWatch, CBS MoneyWatch, InvestorPlace and DailyFinance. He has written for The Wall Street Journal, Bloomberg, Consumer Reports, Senior Executive and Boston magazine, and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among other publications. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange and hosted a weekly video segment on equities.

Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.

In his current role at Kiplinger, Dan writes about equities, fixed income, currencies, commodities, funds, macroeconomics, demographics, real estate, cost of living indexes and more.

Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.

Disclosure: Dan does not trade stocks or other securities. Rather, he dollar-cost averages into cheap funds and index funds and holds them forever in tax-advantaged accounts.