Key Points
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Warren Buffett reduced Berkshire Hathaway’s stake in Apple by approximately 75%.
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By the end of 2023, Berkshire’s remaining stake in Apple was valued at around $174 billion, constituting about 50% of its marketable equity portfolio.
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American Express, another major holding, saw its value grow by 150% over three years as Buffett continues to hold despite Apple sell-offs.
Warren Buffett, the former CEO of Berkshire Hathaway (NYSE: BRK.A & BRK.B), has significantly reduced the company’s stake in Apple (NASDAQ: AAPL) by roughly 75% in response to rising valuations. As of late 2023, this remaining stake is valued at approximately $174 billion, making it still the largest equity holding in Berkshire’s portfolio, although the company has sold off hundreds of billions of dollars in equities over recent years.
While trimming its investment in Apple, which has witnessed a sharp rise in its price-to-earnings ratio to about 33, Buffett has maintained a strong position in American Express (NYSE: AXP). This holding has appreciated by 150% since early 2023 and remains significant in Berkshire’s overall portfolio, valued at about $54 billion. The continued performance of American Express may position it as a top equity holding as Berkshire Hathaway evolves under new leadership.
