Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

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

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Meta’s Threads Explodes to 275 Million Users—Elon Musk’s X in Trouble?
  • NVIDIA May Invest in xAI—Elon Musk’s AI Company Could Hit $40 Billion
  • Tesla Stock Falls as Market Share Declines, Competition Heats Up with BYD
  • Apple’s Q3 Revenue Beats Forecasts, Stock Dips on China Sales Slowdown
  • Reddit Turns a Profit for the First Time in Nearly 20 Years, Thanks to AI Push
  • Chipotle Hits Q3 Targets but Faces Slowdown in Sales Growth

Weekly Best Articles

  • North Korea Boasts 1,300 Breakthroughs from Science and Tech Initiatives
  • Russian Tanks Abandon North Korean Soldiers—Shocking Video Leaks
  • Massive Air Drill with U.S. ‘Death Swan’ After North Korea’s ICBM Launch—Here’s What Happened
  • Nuclear War Threat? North Korea Says Yoon’s Actions Are Forcing It to Boost Nukes
  • Kim Jong Un Pushes Propaganda as North Korea Faces Economic Struggles and Rumors of Troop Deployments
  • Russia Gathers 7,000 Heavily Armed North Korean Soldiers Ready for Combat
  • Drones, Snipers, and Panic Buttons: How the U.S. Is Securing the Presidential Election
  • Zelenskyy Eyes Strikes on North Korean Forces in Russia—Here’s What’s Happening
  • Meta’s Threads Explodes to 275 Million Users—Elon Musk’s X in Trouble?
  • Buffett Sells 25% of Apple Stock—What Investors Need to Know
  • NVIDIA May Invest in xAI—Elon Musk’s AI Company Could Hit $40 Billion
  • Chloë Grace Moretz Shocks Fans: Comes Out and Votes for Kamala Harris

You May Also Like

  • 1
    Russia Gathers 7,000 Heavily Armed North Korean Soldiers Ready for Combat

    LATEST 

  • 2
    Drones, Snipers, and Panic Buttons: How the U.S. Is Securing the Presidential Election

    WORLD 

  • 3
    Zelenskyy Eyes Strikes on North Korean Forces in Russia—Here’s What’s Happening

    LATEST 

  • 4
    Chloë Grace Moretz Shocks Fans: Comes Out and Votes for Kamala Harris

    WORLD 

  • 5
    Iran’s President Pezeshkian Threatens Strong Response to Israel—Will a Ceasefire Change It?

    WORLD 

Popular Now

  • 1
    Kamala Harris Reveals Her Deep Connection to Korean Culture—Mentions BTS and More

    LATEST&nbsp

  • 2
    Russia to Arm Kim Jong Un with Deadly Su-35 Jets—Will North Korea's Air Force Rival the U.S.?

    DEBATE&nbsp

  • 3
    Eat These 6 Foods to Fight Dry Eyes and Keep Your Vision Sharp

    LIFESTYLE&nbsp

  • 4
    Science-Backed Benefits of Exercise That Go Way Beyond Slimming Down

    LIFESTYLE&nbsp

  • 5
    10 Popular Foods That Are Making You Look Older—Here's What to Avoid

    LIFESTYLE&nbsp

Weekly Best Articles

  • North Korea Boasts 1,300 Breakthroughs from Science and Tech Initiatives
  • Russian Tanks Abandon North Korean Soldiers—Shocking Video Leaks
  • Massive Air Drill with U.S. ‘Death Swan’ After North Korea’s ICBM Launch—Here’s What Happened
  • Nuclear War Threat? North Korea Says Yoon’s Actions Are Forcing It to Boost Nukes
  • Kim Jong Un Pushes Propaganda as North Korea Faces Economic Struggles and Rumors of Troop Deployments
  • Russia Gathers 7,000 Heavily Armed North Korean Soldiers Ready for Combat
  • Drones, Snipers, and Panic Buttons: How the U.S. Is Securing the Presidential Election
  • Zelenskyy Eyes Strikes on North Korean Forces in Russia—Here’s What’s Happening
  • Meta’s Threads Explodes to 275 Million Users—Elon Musk’s X in Trouble?
  • Buffett Sells 25% of Apple Stock—What Investors Need to Know
  • NVIDIA May Invest in xAI—Elon Musk’s AI Company Could Hit $40 Billion
  • Chloë Grace Moretz Shocks Fans: Comes Out and Votes for Kamala Harris

Must-Reads

  • 1
    Russia Gathers 7,000 Heavily Armed North Korean Soldiers Ready for Combat

    LATEST 

  • 2
    Drones, Snipers, and Panic Buttons: How the U.S. Is Securing the Presidential Election

    WORLD 

  • 3
    Zelenskyy Eyes Strikes on North Korean Forces in Russia—Here’s What’s Happening

    LATEST 

  • 4
    Chloë Grace Moretz Shocks Fans: Comes Out and Votes for Kamala Harris

    WORLD 

  • 5
    Iran’s President Pezeshkian Threatens Strong Response to Israel—Will a Ceasefire Change It?

    WORLD 

Popular Now

  • 1
    Kamala Harris Reveals Her Deep Connection to Korean Culture—Mentions BTS and More

    LATEST 

  • 2
    Russia to Arm Kim Jong Un with Deadly Su-35 Jets—Will North Korea's Air Force Rival the U.S.?

    DEBATE 

  • 3
    Eat These 6 Foods to Fight Dry Eyes and Keep Your Vision Sharp

    LIFESTYLE 

  • 4
    Science-Backed Benefits of Exercise That Go Way Beyond Slimming Down

    LIFESTYLE 

  • 5
    10 Popular Foods That Are Making You Look Older—Here's What to Avoid

    LIFESTYLE