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Report: Warren Buffetts Berkshire Hathaway buys Amazon shares



No longer.

Buffett revealed Thursday that Berkshire Hathaway ( BRKA ) has bought Amazon shares and noted that the exact amount will be disclosed in Berkshire's quarterly report to the United States Securities and Exchange Commission later this month.
"One of the friends in the office who manages money … bought some Amazon," Buffett said in an interview with CNBC. He referred to Berkshire Hathaway's top investment manager Ted Weschler or Todd Combs, according to CNBC.

Buffett is known for not being the biggest tab of tech stocks.

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But he has not heard of his admiration for Amazon and Jeff Bezos, who repeatedly praised the e-commerce company and its CEO during the annual shareholder meetings in Berkshire Hathaway.

"Yes, I've been a fan, and I've been an idiot for not buying" Amazon shares, Buffett told CNBC. "But I want you to know that there are no personality changes going on."

Last year, Buffett joined with Amazon and JPMorgan Chase ( JPM ) to tackle Warren Buffett in the midst of oil bidding war
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Berkshire Hathaway has beaten the broad market this year. The stock is up only 6.6% in 2019, compared to an almost 18% gain for S & P 500.

Several of Buffet's favorite stocks – mostly Wells Fargo ( CBEAX ) and Coca-Cola ( CCEP ) – underperformed. Another top choice, Kraft Heinz ( KHC ) has been an unfortunate disaster and doubled 25% this year.
One of Buffet's great winners this year is another tech loved one: Apple ( AAPL ) .

Berkshire Hathaway owns around 250 million shares in Apple, making Berkshire the company's second largest investor. Apple shares have risen more than 30% this year.

Paul R. La Monica contributed to this story.


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