Buffett’s Berkshire doubles Teva stake, adds to Apple

NEW YORK: Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd, and confirmed it has become Apple Inc’s second-largest shareholder. Berkshire also shed an investment dating to the mid-1970s that reflected Buffett’s longstanding love for newspapers, selling its stake in Graham Holdings Co, the former publisher of the Washington Post. The changes were disclosed in a regulatory filing detailing Berkshire’s US-listed stock holdings as of March 31. Berkshire owned about $173 billion of equities, as well as dozens of businesses in the railroad, insurance, energy, chemical, food and retail and other sectors. — Reuters