Warren Buffett's Berkshire reveals $900 mn Amazon stake

Warren Buffett`s Berkshire Hathaway had shares worth $904 million in e-commerce giant Amazon at the end of March 31, the media reported citing a regulatory filing. According to a report in CNBC on Thursday, a filing at the US Securities and Exchange Commission revealed that Berkshire`s stake in Amazon was 483,300 shares at March-end. The stake represents just about 0.1 per cent of Amazon`s outstanding equity, the report said. Buffett first disclosed the new investment in Amazon to CNBC earlier this month.

He said that someone at Berkshire`s asset management desk just invested in some Amazon shares but "it wasn`t me." "One of the fellows in the office that manage money ... bought some Amazon," Buffett was quoted as saying. The stake in Amazon is a first for the investment conglomerate. Buffett has repeatedly praised Amazon and its CEO Jeff Bezos in the past.

"The truth is that I`ve watched Amazon from the start and I think what Jeff Bezos has done is something close to a miracle, and the problem is if I think something is going to be a miracle I tend not to bet on it," Buffett said. Last year, Berkshire, Amazon and JPMorgan Chase unveiled a joint venture to improve healthcare for their employees.

Berkshire Hathaway owns about 250 million shares of tech giant Apple.