Key Facts
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Warren Buffett’s Berkshire Hathaway sold 20 million shares of Apple in the second quarter of 2024.
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This divestment brings Berkshire’s total Apple stake down to 280 million shares.
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Since December 2023, Berkshire has reduced its Apple holdings by nearly 50%.
Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), led by Warren Buffett, has resumed selling shares of Apple Inc. (NASDAQ: AAPL) after a brief pause, reflecting ongoing concerns about portfolio concentration. The latest sale, documented in a 13F filing, further decreases Berkshire’s Apple holdings to approximately 21% of its equity portfolio, valued at about $63.6 billion.
This steady divestment is a continuation of a trend observed over the past year, where nearly half of their Apple stake has been sold off. Though Apple has recently underperformed, particularly in product revenue growth, its services segment has shown stronger growth, increasing by 13% in the last reported quarter.
