Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period

Published On Nov 2, 2024, 8:38 AM

Berkshire Hathaway reported its Q3 2024 earnings, revealing that Warren Buffett has significantly reduced the company's stake in Apple, selling about 25% of the holding and reducing overall ownership by 67.2% since last year. As of September's end, Berkshire held approximately $69.9 billion in Apple shares. Buffett has been selling shares for several quarters, possibly due to high valuations, diversification needs, and potential capital gains tax increases. The company's cash reserves hit an all-time high of $325.2 billion, and Berkshire's stock has outperformed the S&P 500 this year.