Apple, Teva Rip Larger On Buffett's Berkshire Investments

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As of Wednesday’s shut, Apple shares have fallen 1.1 % this yr however are up 23.5 % over the past 12 months. Shares of Teva are up 2 % to date this yr and down 47.four % since final February.

The 87-year-old Buffett is chairman of Berkshire Hathaway, and his enterprise associate is 93-year-old vice chairman Charlie Munger. The conglomerate’s many subsidiaries embody Duracell, Kraft Heinz and Geico.

In January, Berkshire introduced the appointment of two new vice chairs, Gregory Abel and Ajit Jain. Buffett stated on CNBC that the transfer is “a part of a motion to succession over time.” However the investor stated the information had nothing to do with a change in his well being.

— CNBC’s Liz Moyer, Matthew J. Belvedere and Berkeley Lovelace Jr. contributed to this report.

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