Berkshire Hathaway, Warren Buffett’s investment company, reported its quarterly investment data for the third quarter of 2024 revealing a continuous decrease in the number of Apple shares held. This decrease comes after nearly half of the shares were sold off in the previous quarter.
The latest figure shows Berkshire holding approximately 300 million Apple shares, down from 400 million in the previous quarter and a significant drop from 915 million at the beginning of the year. The current value of Berkshire’s Apple shares is estimated to be around $70 billion.
Being a major Apple shareholder, Berkshire has Apple as a significant part of its investment portfolio. While the specific reasons for selling off Apple shares continuously in this period were not provided, during a shareholders meeting in May, Buffett hinted at tax-related reasons.
Source: Seeking Alpha
TLDR: Berkshire Hathaway, Warren Buffett’s investment firm, has decreased its holdings of Apple shares in the third quarter of 2024, with the current value estimated at $70 billion. Buffett mentioned tax reasons for the continuous sell-off during a shareholders meeting.
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