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Buffett Sells 25% of Apple Stock—What Investors Need to Know

Daniel Kim Views  

Warren E. Buffett Berkshire Hathaway CEO / Shutterstock

9to5Mac reported on Saturday that Warren Buffett’s investment firm, Berkshire Hathaway, has significantly reduced its stake in Apple.

The firm’s latest quarterly report revealed a substantial 25% reduction in its Apple holdings, marking the third consecutive quarter of downsizing. This has resulted in a 67.2% decrease from a year ago, with Berkshire now holding Apple shares valued at $69.9 billion.

As of the end of Q3 in September, Berkshire reported a net income of $26.25 billion and disclosed a cash reserve of $325.2 billion.

This year, the firm’s divestment strategy extended beyond Apple. In the first quarter of 2024, the firm sold 13% of its Apple shares, followed by nearly 50% in the second quarter. This latest 25% reduction lowers Berkshire’s Apple holdings from 400 million shares at the end of Q2 to approximately 300 million.

Previously, Buffett stated that Apple would remain the firm’s largest holding unless there were a dramatic shift in capital allocation, attributing the first-quarter reduction primarily to tax considerations. However, the ongoing sell-offs have fueled speculation about potential overvaluation concerns and efforts to diversify Berkshire’s portfolio.

Daniel Kim
content@viewusglobal.com

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