TECH - Warren Buffett's Berkshire Confirms Apple Sale Dumps This PC Maker Finally Reveals Mystery Stock: Here Are The Portfolio Changes To Know | Benzinga
Investment guru Warren Buffett confirmed Wednesday the trimming of his Apple, Inc. (NASDAQ:AAPL) stake and finally shed light on the mystery stock his firm, Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK), accumulated ahead of the first quarter.
Apple, Chevron Trimmed: Berkshire reduced its Apple position by a little over 116 million.
The firm now owns 789,368,450 Apple shares valued at $135.36 billion, a 13F filing shows. This is the second straight quarter that the Buffett-led company has diluted its Apple stake.
The iPhone manufacturer remains Berkshire’s top holding.
Earlier this month, Buffett — at the annual Berkshire shareholder meeting — said the dilution has to do with footing the tax bill and the desire to hold more cash due to economic uncertainties.
After adding 15.9 million Chevron Corp. (NYSE:CVX) shares in the fourth quarter, the firm sold 3.1 million shares of the oil ...