Berkshire Hathaway Reduces Apple Stake
Berkshire Hathaway (NYSE: BRKa) sold approximately 100 million shares of Apple Inc (NASDAQ: AAPL) in the third quarter, as confirmed by a regulatory filing on Thursday.
Warren Buffet’s company had previously announced this sale during its third-quarter earnings report, with details confirmed in a 13f filing this week.
The share sale, conducted between July and September, generated over $100 billion in cash for Berkshire. Despite the sale, Apple remains the conglomerate’s largest holding, consisting of roughly 300 million shares valued at nearly $70 billion.
In 2024, Berkshire has sold more than 600 million Apple shares, increasing its cash reserves to a record $325 billion as of September 30. Investors are concerned about Berkshire’s growing cash position, reflecting a risk-averse strategy, particularly as Apple faces declining device sales, compounded by challenges in China.
The 13f filing also indicated that Berkshire acquired stakes in Domino’s Pizza Inc (NYSE: DPZ) and Pool Corporation (NASDAQ: POOL) during the third quarter.
However, Berkshire remained a net seller of stocks, selling around 235 million shares in Bank of America Corp (NYSE: BAC) and nearly its entire stake in Ulta Beauty Inc (NASDAQ: ULTA). Additionally, it reduced investments in Capital One Financial Corporation (NYSE: COF), Charter Communications Inc (NASDAQ: CHTR), and Nu Holdings Ltd (NYSE: NU).
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