Apple (NASDAQ:AAPL) The stock is up about 22% over the past three months on strong earnings and enthusiasm for artificial intelligence initiatives. The company’s most recent annual DEF14A filing, which shows the number of shares held by large investors, shows that CEO Tim Cook’s stock position is worth more than $690 million. But at least one other person owns a lot more Apple stock.
Who owns more Apple than Tim Cook?
According to Apple’s latest public filing, Chairman Ari Levinson owned more than 4.59 million shares of the company. This position means he directly owns more Apple shares than any other individually listed shareholder. For comparison, Tim Cook owned just over 3.28 million shares of his company, according to the most recent disclosure.
But another high-profile moneyman could own an even bigger stake in Apple. When Apple released its DEF14A showing institutional ownership as of January 31, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) and its Warren Buffett, CEO owned 915.6 million shares of the company. Even after a subsequent Berkshire filing showed it sold about 116 million shares of Apple stock in the first quarter of this year, Buffett’s company still held about 790 million shares of the iPhone maker.
Berkshire’s and Buffett’s stakes are lumped together in Apple’s filings, and Buffett’s individual stock ownership is not detailed in Berkshire’s disclosures. For this reason, it is unclear how much the CEO of the investment conglomerate owns directly. But it is clear that its indirect investment in Apple is massive. As of Berkshire’s last 13F filing, Buffett owned 38.4% of his own company’s stock. As a result, this gives him a corresponding ownership position in Berkshire’s Apple holdings in addition to any tech 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 and recommends Apple and Berkshire Hathaway. The Motley Fool has a disclosure policy.
This is who owns the most Apple stock. Hint: it’s not Tim Cook. was originally published by The Motley Fool
