Berkshire Hathaway Reduces Apple Stake
Berkshire Hathaway has sold over 75% of its stake in Apple Inc. (NASDAQ: AAPL) in recent years, dropping it from accounting for over 50% of the portfolio to just under 19%. This reduction comes as the value of its Apple holdings remains significant, now worth approximately $60 billion, despite not being a reflection of the company’s business performance.
Warren Buffett indicated the sales were motivated by a desire to balance the portfolio and not out of concerns for Apple’s future growth. Berkshire has realized over $100 billion in profits from its stake in Apple, likely prompting the sales as a strategy to secure those gains amid potential tax uncertainties.
