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Berkshire Hathaway Inc. this Monday stated that it increased its Apple Inc. stake in by 55 percent, increasing its bet on the smartphone maker even as prominent stakeholders such as Carl Icahn and George Soros shed theirs. Berkshire had 15.23 million Apple shares which were worth $1.46 billion at June 30, up from the 9.81 million shares at March 31, according to reports from a regulatory filing by a Nebraska-based conglomerate.

The report also said Berkshire reduced its stake in Wal-Mart Stores, the world’s biggest retailer, by about 27 percent to 40.23 million shares up from 55.24 million. The store has been in the company’s portfolio for over a decade. It wasn’t clear whether Buffett is investing in Apple.

Berkshire had over $133 billion equities at June 30. Buffett is usually responsible for bigger investments like Wal-Mart, while his deputy managers handle smaller investments. Berkshire also owns approximately 90 businesses which include Geico car insurance, Dairy Queen Ice Cream, the BNSF railroad, Duracell batteries, as well as Fruit of the Loom underwear. The company also paid around $32.1 billion for airliner and industrial parts manufacturer in January and it was Buffett’s largest purchase.

The share prices rise when investors notice that Berkshire has given its imprimatur, including a 3.7 percent one-day increase that Apple gained in May after Berkshire suddenly publicized it had taken the stake. The company revealed its greater Apple stake at the same time George Soros’ firm as well as Leon Cooperman’s Omega Advisors Inc.

Icahn in April stated that he sold his full Apple stake, mentioning concerns about some Chinese policies regarding the company. Later, he said he may reinvest in Apple if the concerns receded. Berkshire’s filing revealed that Kraft Heinz Co was the company’s biggest equity investment at June 30, at about $28.81 billion, and was followed by Wells Fargo & Co.