Apple among Buffett’s top three holdings

NEW YORK. Berkshire Hathaway Inc.’s holding in Apple Inc. has become so valuable that Warren Buffett eyes it on an equal footing to the sprawling railroad business he spent a decade building.

Buffett has amassed $120 billion worth of Apple stock since his conglomerate started purchases in late 2016, while only spending $31.1 billion building that stake. That places it among his top three most valuable assets, alongside his insurers and BNSF, the American railroad purchase he completed in 2010, he said in his annual letter on Saturday. Buffett had traditionally shied away from technology stocks, saying he didn’t invest in companies he didn’t understand. But Berkshire has come around in recent years, adding shares in Amazon. com Inc., Snowflake Inc.