Apple is moving higher after big-name money managers pile into shares

Apple is trading higher by 0.63% at $US160.85 early Monday after regulatory filings showed big-name money managers are buying up shares.

In an SEC filing on Monday, Buffett’s Berkshire Hathaway disclosed it increased its Apple stake to $18.8 billion, or about 2.3% of the company.

Buffett wasn’t the only famous investor piling into the tech giant.

David Tepper’s Appaloosa Management announced it increased its Apple stake to $US90 million.

Both firms may have changed their positions since the time of filing.

Shares of Apple are up 38.12% this year.

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