OREANDA-NEWS Berkshire Hathaway billionaire Warren Buffett has acquired more than 11% of the shares of the manufacturer of computers and printers HP, writes The Wall Street Journal with reference to data on the website of the U.S. Securities and Exchange Commission.

The package, which includes almost 121 million shares, is worth about $4.2 billion. As of 14:23 Moscow time, HP shares were growing by 13.75% on the premarket and were trading at $39.71.

This acquisition made Berkshire Hathaway HP's largest shareholder, the WSJ notes. Prior to that, the largest investors of the company were Vanguard Group and BlackRock, whose shares were almost 11% and slightly more than 10%, respectively, the publication points out, citing data from S&P Global Market Intelligence.

Berkshire Hathaway has been cautious about investing in technology companies for a long time, but in 2016 the company acquired a stake in Apple worth $1 billion, which, according to the end of 2021, increased to 5.6%, the WSJ points out. By that time, it was valued at about $161 billion and was among Berkshire's largest assets.

In March, Berkshire Hathaway signed the largest deal since 2016 and agreed to acquire the insurance company Alleghany for $11.6 billion. Buffett ranks fifth in the ranking of the richest people in the world according to Forbes 2022. His fortune at the time of compiling the list was estimated at $118 billion.