Reported 2 months ago
Berkshire Hathaway has significantly reduced its stake in Apple by almost 50% during a major selling spree, contributing to an unprecedented cash reserve of $276.9 billion for Warren Buffett's company. This selling activity, amounting to a net $75.5 billion in stock during the second quarter, coincides with a decline in the S&P 500 index amid economic concerns. Analysts suggest the sell-off may be driven by potential capital gains tax avoidance. Despite this reduction, Buffett has previously highlighted Apple as a top-tier investment, indicating the decision reflects broader strategic financial moves.
Source: YAHOO