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Buffett's Berkshire reveals $861 million Amazon stake

 Buffetts Berkshire reveals 1 million Amazon stake

(Reuters) - Warren Buffett's Berkshire Hathaway Inc said it owned $860.6 million of Amazon.com Inc shares at the end of March, after the billionaire admitted to underestimating the online retailer and its Chief Executive Jeff Bezos.

The size of the investment was disclosed in a regulatory filing detailing Berkshire's U.S.-listed stocks as of March 31.

Wednesday's filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler, but does not say who bought and sold what.

Buffett told CNBC this month that the Amazon investment was made by Combs or Weschler, and that he had been "an idiot" for not investing in Amazon himself.

(Reporting by Jonathan Stempel in New York; Editing by Susan Thomas)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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Updated Date: May 16, 2019 03:05:29 IST