Amazon Shares are Being Scooped Up By This Billionaire Investor But It’s Not What You Think

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Warren Buffet’s Berkshire Hathaway has been buying shares of e-commerce giant Amazon.

Buffet told CNBC on Thursday, “One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F.”

Buffet made the remark on the eve of Berkshire’s annual shareholders meeting in Omaha.

According to the statement by Buffett, it was either Todd Combs or Ted Weschler, who each manage portfolios of more than $13 billion in equities for Berkshire.

“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”

The exact amount will be disclosed in Berkshire’s quarterly report to the United States Securities and Exchange Commission later in the month.

Berkshire Hathaway also owns about 250 million shares of Apple and it’s the company’s second-largest investor.

Disclaimer: We have no position in Amazon.com, Inc. (NASDAQ: AMZN) nor Apple Inc. (NASDAQ: AAPL) and have not been compensated for this article.