Berkshire Hathaway’s highly scrutinized Apple shares have stabilized for two consecutive quarters after abandoning two-thirds of its stock last year. Warren Buffett’s conglomerate owns 300 million shares of Apple at the end of 2024, the same amount as at the end of the third quarter, according to regulatory filings. Despite recent sales, the iPhone maker remains Berkshire’s largest stock stake to date. Berkshire cut Big Apple shares for four consecutive quarters. Back in the third quarter of 2023, the Omaha-based giant held 915.6 million shares of technology stocks. At Berkshire’s annual meeting last year, Buffett pointed out that if the sale of “a little apple” would benefit Berkshire shareholders in the long run – if the U.S. government wants to block the climbing fiscal deficit, then for capital The tax on gains will increase. However, the scale of sales has led many to think that it is more than just a tax saving move. Some speculate that Buffett is concerned about high market valuations, while others believe it is part of portfolio management, as Apple once took up more than half of Berkshire’s portfolio. Investors will seek Buffett’s annual letter, which will be released Saturday morning with Berkshire’s quarterly earnings to comment on Apple and the broader market. Overall, Buffett has been in sales mode, according to Edward Jones analyst James Shanahan, who is covered by Berkshire. Sales exceeded stock purchases for nine consecutive quarters. As a result, Berkshire’s terrible cash pile hit a record $300 billion in the third quarter of 2024. “Solid free cash flow contributed to growth, but the sales of stocks had a greater impact,” Shanahan said in a note.
Berkshire’s Apple shares hold 300 million shares for the second consecutive quarter | Real Time Headlines
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