Warren Buffett's Berkshire Hathaway sold nearly half its stake in Apple

Warren Buffett sells half of his stake in Apple

The 93-year-old billionaire finds himself in charge of a huge pile of cash: $277 billion, a quarter of his assets.

Warren Buffet's Berkshire Hathaway sells half its Apple stock

Warren Buffett’s Berkshire Hathaway cut its Apple holding by around half, to $84.2 billion, according to an SEC filing. While Apple remains the firm’s largest stock holding by far, Buffett had already reduced its stake by 13 percent earlier this year, hinting that he didn’t mind selling “a little Apple” for tax reasons. Berkshire Hathaway […] © 2024 TechCrunch. All rights reserved. For personal use only.

Warren Buffett's Berkshire Hathaway slashes Apple stake by nearly hal

Billionaire investor Warren Buffett's Berkshire Hathaway has slashed its stake in Apple by nearly 50%, according to financial documents filed Saturday after technology stocks across the board took a beating.

Warren Buffett slashes Apple stake by almost 50%, Q2 cash pile at record $277 billion

Buffett has slashed the Apple stake over the past year. He recently sold some of his stock in Bank of America and Chinese EV maker BYD

'Warren Crushed Apple' Says Jim Cramer As Buffett Cuts Stake In Tech Giant By Nearly Half: Here's How Much Dividend Income Berkshire Forgoes - Apple (NASDAQ:AAPL)

Berkshire Hathaway‘s (NYSE:BRK) (NYSE:BRK) 10-Q report for the second quarter showed the Warren Buffett-led firm significantly reducing its stake in tech giant Apple, Inc. (NASDAQ:AAPL). What Happened: Berkshire said the fair value of its Apple holding at the end of the second quarter was $84.2 billion, down about 38% from $135.4 billion at the end of the first quarter. Looking at the reduction from the perspective of number of shares, the math …