Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%

Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50%

Warren Buffett's Berkshire Hathaway significantly reduced its stake in Apple, cutting it by nearly 50%, from 790 million shares to 400 million, according to its Q2 earnings report. This move is notable given Buffett's typical long-term holding strategy. In the second quarter, Berkshire Hathaway sold off $75.5 billion in stock, including a reduction in its stake in Bank of America, now valued at $41.1 billion. The company's earnings report revealed that 72% of Berkshire's total fair value is concentrated in five major companies: American Express ($35.1 billion), Apple ($84.2 billion), Bank of America ($41.1 billion), Coca-Cola ($25.5 billion), and Chevron ($18.6 billion).
To Read More: https://www.cnn.com/2024/08/03/business/berkshire-hathaway-apple-stock/index.html  

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