Warren Buffett’s stake in Apple has surged in value to more than $91 billion, and now accounts for a record 43% of Berkshire Hathaway’s entire equity portfolio, according to The Motley Fool.
The famed investor’s conglomerate held 245 million shares in the tech titan at last count, making it Apple’s second-largest shareholder with about 5.5% ownership of the company’s public stock.
Read More: JPMORGAN: The coronavirus crisis has decimated one of the safest defenses against stock-market crashes. Here are 4 ways to pivot your portfolio now.
“I don’t think of Apple as a stock,” Buffett told CNBC’s “Squawk Box” in February. “I think of it as our third business.”
The stake is a “bigger commitment that we have in any business except insurance and the railroad,” he added.
Berkshire built its Apple position at an average cost of $141 per share, Buffett told CNBC in February 2019.
Read More: GOLDMAN SACHS: Buy these 13 stocks that are poised to crush the market within the next 2 weeks as earnings season gets underway
As a result, Berkshire’s Apple stake is currently more valuable than all but one of its other holdings combined, Motley Fool said.
The sole exclusion is Bank of America, the group’s second-biggest position, which is worth about $22 billion as of Monday’s close.