Apple Is Buffett's Top Equity Holding, Surpassing Wells Fargo

(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. has taken a real shine to Apple Inc.

Berkshire boosted its holding of the iPhone maker to $28 billion at year-end, surpassing its stake in Wells Fargo & Co., which was worth $27.8 billion on Dec. 31. That makes Apple its largest equity holding by market , according to data compiled by Bloomberg.

See also: Buffett’s bumpy ride with IBM draws to a close

Apple has continued to rally this year, increasing the of Berkshire’s stake to $28.6 billion based on Thursday’s closing price. Meanwhile, its Wells Fargo holding has slumped to $27.5 billion. Buffett’s company also has been cutting its stake in the San Francisco-based lender to get below a regulatory threshold.

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