Berkshire Hathaway sold nearly 50% of its Apple stake in Q2.
2024-08-03 12:24:36
On August 3rd, according to a 10-Q report released by Berkshire Hathaway A (BRK.A.N) on Saturday, the company slashed its stake in Apple (AAPL. O) from 789 million shares in Quarter 1 to about 400 million shares in the second quarter, a decrease of nearly 50%. Berkshire Hathaway currently holds about 2.6% of Apple's shares, which is worth about $88 billion at Friday's closing price of $219.86. The reduction in Apple's shares is not surprising, but the scale of the reduction is unexpected.
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