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

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


Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 4, 2024.

CNBC

Warren Buffett sold another big chuck of his Apple stake, downsizing Berkshire Hathaway‘s biggest equity holding for four quarters in a row.

The Omaha-based conglomerate held $69.9 billion worth of Apple shares at the end of September, according to its third-quarter earnings report released Saturday morning. That implied Buffett offloaded approximately a quarter of his stake with about 300 million shares remaining in the holding. In total, the stake is down 67.2% from the end of the third quarter last year.

The Oracle of Omaha started trimming his stake in the iPhone maker in the fourth quarter of 2023 and ramped up selling in the second quarter when he surprisingly dumped nearly half of the bet.

Stock Chart IconStock chart icon

hide content

Apple, YTD

It’s unclear what exactly motivated the continuous selling in the stock Berkshire first bought more than eight years ago. Analysts and shareholders had speculated it was due to high valuations as well as portfolio management to reduce concentration. Berkshire’s Apple holding was once so big that it took up half of its equity portfolio.

In May at the Berkshire annual meeting, Buffett hinted that the selling was for tax reasons as he speculated that the tax on capital gains could be raised in the future by a U.S. government wanting to plug a climbing fiscal deficit. However, the magnitude of the sales made many believe it could be more than just a tax-saving move.

Amid the big selling spree, Berkshire’s cash hoard reached $325.2 billion in the third quarter, an all-time high for the conglomerate.

Class A shares of Berkshire have gained 25% this year, outpacing the S&P 500’s 20.1% year-to-date return. The conglomerate crossed a $1 trillion market cap milestone in the third quarter when it hit an all-time high.

Apple shares are up 16% on the year, trailing the S&P 500’s 20% gain.

This is breaking news. Please check back for updates.



Source

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale
World

Starboard aims to unlock the value of Fluor’s investment in nuclear tech company NuScale

Company: Fluor Corp (FLR) Business: Fluor is a holding company that provides engineering, procurement, construction, fabrication and modularization, and project management services. The company’s segments include energy solutions, urban solutions and mission solutions. The energy solutions segment provides EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG and power […]

Read More
U.S. to escalate military presence in South America with aircraft carrier group
World

U.S. to escalate military presence in South America with aircraft carrier group

The world’s largest aircraft carrier USS Gerald R. Ford seen in the North Sea during NATO Neptune Strike 2025 exercise on September 24, 2025 in the North Sea. Jonathan Klein | Afp | Getty Images President Donald Trump dramatically escalated a U.S. military buildup in the Caribbean on Friday by deploying the Gerald Ford aircraft […]

Read More
Why this VC bet on  billion AI firm ElevenLabs after one meeting with the founder
World

Why this VC bet on $3 billion AI firm ElevenLabs after one meeting with the founder

Carles Reina, GTM manager at Eleven Labs, shared why he invested in AI company. Eleven Labs The angel investor who backed a billion-dollar AI startup when it was still in its infancy said he decided to invest in the company after just 30 minutes of meeting one of its founders. Carles Reina first decided to […]

Read More