Reported 24 days ago
Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple, cutting it by two-thirds over the past year, with recent reductions bringing its holdings down to just under $70 billion. The company has also strengthened its cash reserves to $325 billion by selling off other major investments, including significant shares in Bank of America. Although the exact reasons for selling Apple shares haven't been disclosed, Buffett suggested early this year that tax considerations may be a factor.
Source: YAHOO