That might seem like a massive sale, but it's closer to a rounding error for the billionaire investor and Berkshire Hathaway CEO. Berkshire is Apple's biggest shareholder with a 5.4% stake worth $72 billion, according to Bloomberg data.
Buffett's lieutenants may have trimmed their stake in Apple for a few reasons. They may have wanted to diversify Berkshire's holdings, given the iPhone maker accounts for nearly 30% of its portfolio. Indeed, Berkshire made fresh investments inAlternatively, they may have wanted to cash out after Apple's stock surged by a third last quarter, from roughly $219 to $294. Depending on when they sold the 3.7 million Apple shares, they netted between $806 million and nearly $1.1 billion.
Buffett is unlikely to sell a significant amount of his Apple shares anytime soon, given his preference for long-term investing over a quick payday. He's also unlikely to buy more.
SusanofTexas Imagine being such a *good* Richie Rich that $800 million worth of stock is just 1% of your total holdings.
thatswildsir he will buy back higher later on and will admit it. Tellin ya.
Folks just try to be reasonably rational. Buffett owns approximately 250 million shares of Apple worth about $81 Billion.
He Bought Cryptocurrency with the $800 Million!...
Looks like Warren Buffet saw something that no one else did..
Cashing out!?$
Eat the rich
Means Apple is about to collapse 😂
Good lad
That's great
Is there perhaps a worm in the Apple which Warren Buffett spots?
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