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Warren Buffett’s Berkshire Hathaway has significantly reduced its stake in Apple, selling 677,347,618 shares over the past two years, which represents a 74% decline. This selling trend has occurred over six of the past eight quarters and includes 41,787,236 shares sold in the third quarter of 2023.
Conversely, Berkshire Hathaway has increased its investment in Alphabet, buying 17,846,142 shares, valued at over $4.3 billion as of September 2023. This positions Alphabet as a borderline core holding for Berkshire, making up approximately 1.6% of its invested assets.
As of the third quarter ended September 30, 2023, Alphabet holds a dominant 89%-93% share in the global internet search market, and its Google Cloud service has seen a 25% revenue increase year-over-year, contributing to its strong financial health.
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