Berkshire Reduces Apple Stake, Boosts Cash Reserves
Berkshire Reduces Apple Stake, Boosts Cash Reserves
Berkshire Reduces Apple Stake, Boosts Cash Reserves
News summary

Warren Buffett's Berkshire Hathaway has significantly reduced its Apple stake, with holdings dropping from $174.3 billion at the start of the year to $69.9 billion by the end of September, marking a 60% decline. This reduction is part of a strategy where Berkshire has sold more stocks than it has bought over the past eight quarters, including Bank of America shares, while amassing a record cash reserve of $325 billion. Buffett has cited tax considerations for the Apple sales, and analysts suggest the decision aligns with concerns over high valuations and portfolio concentration management. Despite the sell-off, Apple remains Berkshire's largest investment, and the company maintains a cautious approach amid potential market turbulence. The move has sparked speculation about future acquisitions or strategic responses to economic uncertainty, signaling prudence amid high market valuations and geopolitical risks.

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Center 29%
Right 36%
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8 days ago
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36% Right

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