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Warren Buffett Berkshire Hathaway Reveals $ 900 Million in Amazon



Warren Buffett

David A. Grogan | CNBC

Warren Buffett Berkshire Hathaway on Wednesday showed the government is offering its stake in e-commerce to the giant Amazon.

The share of Berkshire shares in Amazon was 483,300 shares that ended on March 31st. Securities and Exchange Commission. The value of this promotion was $ 904 million before Wednesday afternoon.

Buffett unveiled for the first time new investment in Amazon on CNBC on May 2, the day before the annual Berkshire Annual General Meeting in Omaha. However, the size of the position was not previously announced to the public.

A well-known value investor, even though Amazon's fan and manager Jeff Bezos, as well as this month CNBC reported that he was not responsible for Berkshire's investment

"One of the office managers who manage the money bought Amazon, so it will appear in 1

3F, May 2. Said Buffett. Buffett is probably one of his two lieutenants, Todd Combs or Ted Weschler, who owns over $ 13 billion in Berkshire.

"Yes, I was a fan, and I was an idiot that didn't buy Amazon shares at that time," Buffett said. "But I want you to know that there are no personality changes."

The Amazon stock increased by 0.3% after hours of trading after the SEC.

The Berkshire Hathaway report also showed a 18% increase in its JP Morgan Chase stake to 59.5 million. shares and 22% Red Hat shares to 5.1 million. shares.

– CNBC Becky Quick contributed to this report

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