Apple (NASDAQ: AAPL) shares are up about 22% in the past three months on strong earnings and excitement around artificial intelligence initiatives. The company’s most recent annual DEF14A filing, which shows how many shares major investors own, shows CEO Tim Cook’s stock position is worth more than $690 million. But at least one other person owns many more Apple shares.
Who owns more of Apple than Tim Cook?
According to Apple’s most recent public filing, Chairman Ari Levinson owned more than 4.59 million shares of the company. This position means he directly owns more shares of Apple stock than any other individually listed shareholder. By comparison, Tim Cook owned just over 3.28 million shares of his company, according to the most recent disclosure.
But another high-profile moneyman may have an even bigger stake in Apple. When Apple published its DEF14A, showing institutional ownership as of January 31, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and CEO Warren Buffett owned 915.6 million shares of the company. Even after a subsequent disclosure filing from Berkshire showed that it sold about 116 million shares of Apple in the first quarter of this year, Buffett’s company still owned about 790 million shares of the iPhone maker.
Berkshire and Buffett’s holdings are combined in Apple’s filings, and Buffett’s individual stock holdings are not detailed in Berkshire’s disclosures. As a result, it is not clear how much the CEO of the investment conglomerate directly owns. But it’s clear that his indirect investment in Apple is huge. According to Berkshire’s most recent 13F filing, Buffett owned 38.4% of his own company’s stock. Accordingly, he will have a corresponding ownership position in Berkshire’s Apple holdings, in addition to any shares in the technology stocks he may hold privately.
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Keith Noonan has no position in any of the stocks mentioned. The Motley Fool holds positions in and recommends Apple and Berkshire Hathaway. The Motley Fool has a disclosure policy.
Here’s who owns the most Apple shares. Hint: it’s not Tim Cook. was originally published by The Motley Fool
