Key points:
- Berkshire sells 25% of Apple stake
- Company sits on $325 billion in cash
- Shares have outpaced S&P 500 this year
Oracle of Omaha’s Berkshire Hathaway seems to be losing faith in the iPhone maker with 600 million shares sold so far in 2024.
- Warren Buffett’s sprawling conglomerate Berkshire Hathaway
BRK.A sold 25% of its Apple stake 
AAPL, or 100 million shares for about $22 billion in the past quarter. The sizable trim, revealed in the company’s third-quarter 10-Q report released together with the earnings update, follows a 50% cut in the second quarter. Overall, Berkshire has reduced its giant stake in the iPhone maker this year to roughly 300 million shares from a peak of 905 million shares. - Apple is still Buffett’s largest bet worth around $67 billion in a $300 billion portfolio, followed by American Express, worth about $42 billion. The only thing that’s more formidable is Berkshire’s fortress of cash, which is now at a record of $325 billion. The legendary investor sold $36.1 billion and shoved them mostly in short-term Treasury bills, hence boosting the company’s cash pile from last quarter’s $277 billion.
- This past quarter was the eighth consecutive one where Buffett’s Berkshire was a net seller of stocks as the Oracle of Omaha continues to remain skeptical about placing large bets out there. Still, the existing plays in Berkshire’s portfolio contributed to realized gains of $76.5 billion in the first nine months of 2024. Class A shares of Berkshire — the world’s most expensive shares — have climbed 25% this year, outperforming the S&P 500’s 21% increase.
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