Tim Prepare dinner and Warren Buffett in Apple Park
In a shock transfer, within the second quarter of 2024, Warren Buffett’s Berkshire Hathaway made the most important sale of Apple in years, unloading round 400 million shares and lacking the post-WWDC inventory peak.
In December 2023, Berkshire Hathaway held about $174.3 billion in Apple inventory. As of the Saturday report, the corporate now holds about $84.2 billion in Apple inventory, barring extra gross sales within the final month.
Essentially the most it might have bought the shares for is $192.35 on Might 21. Apple inventory’s finest worth of the yr was only a few weeks after the quarter closed, post-WWDC, with it hitting $234.82 on July 16.
The sale is simply the newest in a sequence of stake-trims. Berkshire Hathaway unloaded about 12.5% of its Apple holdings within the first quarter of 2024, earlier than the second quarter’s sale. And the agency ended 2023 with a sale of Apple as properly.