Berkshire Hathaway Shifts Portfolio, Cuts Apple Stake
Berkshire Hathaway Shifts Portfolio, Cuts Apple Stake
Berkshire Hathaway Shifts Portfolio, Cuts Apple Stake
News summary

Warren Buffett's Berkshire Hathaway has significantly reduced its holdings in Apple and Bank of America, trimming its stake in Apple by over two-thirds and reducing Bank of America's position by 23%. In contrast, Berkshire has made new investments in Domino's Pizza and Pool Corp during the third quarter of 2024, acquiring 1.28 million shares of Domino's, valued at approximately $550 million, and 404,000 shares of Pool Corp, valued at about $152 million. These new investments have led to a rise in the share prices of both companies, reflecting investor confidence in Buffett's choices. While the specific decision-makers behind these investments are not disclosed, it's speculated that Buffett's lieutenants, Todd Combs and Ted Weschler, may be responsible. The move suggests a strategic shift in Berkshire's portfolio towards more diversified holdings.

Story Coverage
Bias Distribution
50% Left
Information Sources
72da0b09-12c1-4a6a-ac99-710108fff81bbfb2a97b-336e-48d9-b69a-147df7862dc271639883-fbbd-48af-8cc3-393f63e7b2efa3544a73-dab3-486d-ae75-bd4d15f01f55
+2
Left 50%
Center 33%
R
Coverage Details
Total News Sources
6
Left
3
Center
2
Right
1
Unrated
0
Last Updated
33 min ago
Bias Distribution
50% Left
Related News
Daily Index

Negative

21Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News