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Buffett's Berkshire increases bet on Amazon

REUTERS
Published : Aug 15, 2019, 10:17 am IST
Updated : Aug 15, 2019, 10:17 am IST

The disclosure was made in a regulatory filing detailing Berkshire’s US-listed stocks as of June 30.

Berkshire said it owned 537,300 Amazon shares worth about USD 1.02 billion as of June 30. (Photo: AP)
 Berkshire said it owned 537,300 Amazon shares worth about USD 1.02 billion as of June 30. (Photo: AP)

Warren Buffett’s Berkshire Hathaway Inc on Wednesday said it boosted its stake in Amazon.com Inc by 11 per cent during the second quarter, as US stock indexes traded near record highs.

Berkshire said it owned 537,300 Amazon shares worth about USD 1.02 billion as of June 30, up from 483,300 shares three months earlier.

The disclosure was made in a regulatory filing detailing Berkshire’s US-listed stocks as of June 30.

Tags: warren buffet, amazon