Buffett Keeps Cutting Apple Inc. Stake, With Value Down 60%

Conglomerate cut Apple holdings by 25% in third quarter
‘Oracle of Omaha’ hasn’t shared sentiment on stock since May

WATCH: Berkshire Hathaway cut its stake in Apple again, this time by about 25-percent. Adam Haigh reports.Source: Bloomberg

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By Alexandre Rajbhandari

November 3, 2024 at 5:01 PM UTC

Updated on

November 4, 2024 at 4:00 PM UTC

This article is for subscribers only.

Berkshire Hathaway Inc.’s continued sales of Apple Inc. shares in the third quarter left the conglomerate’s stake at a fraction of its size at the start of the year.

Berkshire cut its holdings in the iPhone maker by roughly 25% in the period, after slashing it by almost half in the second quarter. Apple’s shares gained 10.6% in the period ended Sept. 30.