Berkshire Hathaway boss Warren Buffett doubled down on his Significant Tech bets throughout the next quarter – even as other billionaire traders marketed off their holdings as fears mounted about a market crash.

The agency headed by the “Oracle of Omaha” additional nearly four million shares of Apple stock throughout the 3-thirty day period interval ending in June, an SEC filing late Monday exposed.

At the time, the tech-major Nasdaq had fallen into a bear market, described as a drop of 20% or much more off a new higher.

The bet amplified Berkshire Hathaway’s stake to 894.8 million shares of Apple, which signifies its greatest specific keeping.

Berkshire also boosted its stake in large Amazon, introducing yet another 10 million shares, as well as online video match huge Activision Blizzard. The business also poured billions into oil producers Occidental Petroleum and Chevron even though shedding shares of Basic Motors and Verizon.

Berkshire slowed the rate of its purchases as current market ailments worsened in the 2nd quarter, including just $6 billion of inventory in contrast to $51 billion in additions in the course of the first quarter, according to Barron’s.

But the bullish exercise stood in distinction to that of other hedge fund administrators who have dump stock holdings in droves as the Federal Reserve’s policy tightening prompts problem about an financial economic downturn.

Billionaire Stanley Druckenmiller was one particular of the notable bears. His Duquesne Relatives Office marketed off the entirety of its total $199 million bet on Amazon shares in the second quarter, according to its 13-F filing. The place of work also reduce back again on its Microsoft placement.

“My finest guess is that we’re six months into a bear industry,” Druckenmiller explained through a June 9 at the 2022 Sohn Investment Convention, in accordance to Bloomberg. “For people tactically investing, it’s probable the first leg of that has finished. But I feel it is remarkably, highly possible that the bear marketplace has a strategies to operate.”

Even though chopping back again on Big Tech giants, Duquesne extra a $96.3 million stake in Eli Lilly and a $29.7…