Omega Advisors purchase 227,000 share stake in Apple worth almost $25 million

It was announced earlier that Warren Buffett’s Berkshire Hathaway took a new $1 billion position in Apple in the first quarter. Now Fortune reports that hedge funder Leon Cooperman, CEO of Omega Advisors is buying in as well.

Omega Advisors purchased a 227,000 share stake in the tech giant worth $24.7 million as of the end of the first quarter, according to regulatory filings with the Securities and Exchange Commission on Monday. The group previously dropped a stake in Apple early last year, selling roughly 384,000 shares of the company. 

It’s not the first time Omega, with $5.1 billion under management, has flip-flopped on Apple. In 2013, Cooperman sold off his stake in Apple amid fears that the company’s growth may be slowing — though the iPhone continued its rise, notes Fortune.