Warren Buffett’s Berkshire Hathaway sold 10mn shares of Apple in the final three months of 2023, cutting into a position that the so-called Oracle of Omaha has described as one of the “four giants” that account for the vast majority of the conglomerate’s overall value.
The sales of Apple stock, representing about 1 per cent of its overall holdings in the company, comes only a few years after Buffett in 2021 had lamented his previous decision to sell some of its position.
The company’s position in Apple was worth $174bn at the end of the year, according to a filing with the Securities and Exchange Commission on Wednesday.
Berkshire’s filing showed it had also slashed its holdings of printer and personal computer maker HP by 78 per cent, selling nearly 80mn shares in the fourth quarter, and had dumped 32 per cent of its stake in media company Paramount Global.