Report: Warren Buffett's Berkshire Hathaway buys Amazon shares



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Not anymore.

Buffett revealed on Thursday that Berkshire Hathaway (BRKA) is buying Amazon shares, noting that the exact amount will be published in Berkshire's quarterly report to the US Securities and Exchange Commission later this month.
"One of the fellows at the office who manages money has bought an Amazon," Buffett said in an interview with CNBC. According to CNBC, it referred to Berkshire Hathaway's best investment managers, Ted Weschler or Todd Combs.

Buffett is well known for not being the biggest fan of tech stocks.

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But he did not hide his admiration for Amazon and Jeff Bezos, repeatedly praising the e-commerce company and its managing director at previous meetings of Berkshire Hathaway shareholders.

"Yes, I've been a fan and silly not to buy" Amazon shares, Buffett told CNBC. "But I want you to know that there is no personality change."

Last year, Buffett teamed up with Amazon and JPMorgan Chase (JPM) cope with soaring health care costs
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Berkshire Hathaway is lagging behind the wider market this year. The stock rose only 6.6% in 2019, against a gain of nearly 18% for the S & P 500.

Many of Buffett's favorite actions – especially Wells Fargo (CBEAX) and Coca Cola (CCPS) – have underperformed. Another first choice, Kraft Heinz (KHC), was a real disaster, plunging 25% this year.
One of Buffett's big winners this year is another darling of technology: Apple (AAPL).

Berkshire Hathaway holds about 250 million shares in Apple, making Berkshire the second largest investor in the market. Apple's shares have risen by more than 30% this year.

Paul R. La Monica contributed to this story.

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