In 2015, Berkshire made its biggest deal yet when it shelled out $37 billion for Precision Castparts. Between 2016 and 2018, Berkshire spent around $36 billion to build a roughly 5% stake in Apple, which more than quadrupled in value to above $170 billion by 2023, making it easily Berkshire’s number-one holding and one of the most lucrative bets in its history. Berkshire has pared the position by about 75% over the past three years.
The COVID-19 pandemic prompted Buffett to cash out his stakes in the “Big Four” US airlines. But he’s made several big bets since, such as buying Dominion Energy’s natural gas assets for $10 billion, purchasing...
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