News list for "According to Berk"
According to a 10-Q report published by Berkshire Hathaway A (BRK.A.N), the company sold 100 million shares of Apple (AAPL. O) in the third quarter of 2024, reducing its stake in Apple to 300 million shares. Berkshire reduced its Apple stake by 25% this time after reducing its stake by nearly 50% in the second quarter. Since the beginning of the year, Berkshire's total stake in Apple has been reduced by about two-thirds from 905 million shares.
Berkshire Hathaway A (BRK.A.N) slashed its stake in Apple (AAPL. O) to about 400 million shares in the second quarter from 789 million in Quarter 1, a drop of nearly 50 percent, according to a 10-Q report released Saturday. Berkshire Hathaway currently owns about 2.6 percent of Apple, worth about $88 billion at Friday's closing price of $219.86. The reduction in Apple shares is not surprising, but the scale of the reduction is unexpected.
