Published 14 days ago

Warren Buffett’s Berkshire Hathaway cut Apple investment by about 13% in the first quarter

Berkshire Hathaway, led by Warren Buffett, reduced its substantial Apple stake in the first quarter, marking a continuation of downsizing on a previous major investment.
Berkshire Hathaway's Apple investment was valued at $135.4 billion, equivalent to roughly 790 million shares, as revealed in the first-quarter financial report.
Despite reductions, Apple remained Berkshire's largest holding at the end of the quarter, signifying ongoing confidence in the tech giant.

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Reuters

Berkshire pares huge Apple stake as cash, operating profit set records

Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion.

14 days ago·United Kingdom

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Associated Press News

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns

14 days ago·United States

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abc News

Berkshire's profit plunges 64% on portfolio holdings as Buffett sells Apple

Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments

14 days ago·United States

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KRDO

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

By JOSH FUNK AP Business Writer OMAHA, Neb. (AP) — Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A few hours before shareholders got the chance to hear from CEO Warren Buffett at the annual meeting in Omaha, Berkshire reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. Th…

14 days ago·Colorado Springs, United States

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CNBC

Berkshire cuts Apple investment by about 13%, Buffett hints that it's for tax reasons

Berkshire reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. That would mark a decline of around 13% in the stake.

14 days ago·United States

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Channel News Asia

Berkshire pares huge Apple stake as cash, operating profit set records

OMAHA, Neb. : Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett's conglomerate let its cash hoard swell to a record $189 billion.Buffett's company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited f

14 days ago·Singapore

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