Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period
Publishing timestamp: 2024-11-02 08:59:51
Summary
Warren Buffett has been selling off a big chunk of his Apple stake for the past four quarters, reducing Berkshire Hathaway's biggest equity holding. The selling started in 2023 and has continued, with speculation ranging from high valuations to tax reasons. Berkshire's cash hoard reached an all-time high in the third quarter. Apple shares are up 16% on the year, trailing the S&P 500's 20% gain.
Sentiment: NEUTRAL
Keywords: stock markets, breaking news: business, breaking news: markets, business news, wall street, markets, apple inc, berkshire hathaway inc, breaking news: investing, warren buffett, investment strategy,
Source: https://www.cnbc.com/2024/11/02/berkshire-hathaway-brk-earnings-q3-2024.html