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Warren Buffett's Berkshire Hathaway Reveals $ 900 Million Amazon Stakes



Warren Buffett

David A. Grogan CNBC

Warren Buffett's Berkshire Hathaway on Wednesday revealed in a government that shipped its share in e-commerce giant Amazon.

Berkshire's stake in Amazon was 483,300 shares at the end of the quarter ending March 31, according to a filing at the Securities and Exchange Commission. The value of this bet was $ 904 million at closing bell on Wednesday afternoon.

Despite the big headline, the position does not set Berkshire near the top of Amazon's largest shareholder list. The stake represents about 0.1

% of Amazon's outstanding equity.

Buffett first announced the new investment in Amazon to CNBC on May 2, one day before Berkshire's annual Omaha shareholder meeting. However, the size of the position was not previously reported to the public.

The reputable investor – although a fan of Amazon and its CEO Jeff Bezos – told CNBC earlier this month that he is not responsible for the Berkshire investment.

"One of the friends in the office who manages money … bought some Amazon, so it will show up in 13F," Buffett said on May 2. Buffett probably referred to one of his two lieutenant Todd Combs or Ted Weschler, who each manages portfolios of over $ 13 billion in shares for Berkshire.

"Yes, I've been a fan, and I've been an idiot for not buying" Amazon shares, Buffett said at that time. "But I want you to know that there are no personality changes happening."

The Amazon shares rose 0.3% in the after-trade after the SEC filings.

Berkshire Hathaway's report also showed an 18% increase in JP Morgan Chase bet

– CNBCs Becky Quick contributed to this report.


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