Warren Buffett‘s Berkshire Hathaway Inc. (NYSE:BRK)(NYSE:BRK) significantly reduced its holdings in Apple Inc. (NASDAQ:AAPL), cutting its stake by 22% to $135.4 billion from $174.3 billion at the end of 2023, as reported in a recent SEC 10-Q filing.
This adjustment occurred despite Apple’s share price only dropping 11% during the same period, reflecting a substantial sale of about 115 million shares, or 13% of Berkshire’s total holdings in the tech giant.
Berkshire’s Strategic Shifts Amid market Dynamics
The sale marked the second consecutive quarter in which the Omaha-based conglomerate trimmed its stake in Apple. The reduction in holdings aligned ...