Here's Exactly How Many Apple Shares Warren Buffett Just Sold

Core Viewpoint - Berkshire Hathaway significantly reduced its stake in Apple, selling approximately half of its holdings, which raises questions about the reasons behind this decision [1][2]. Group 1: Sale Details - Berkshire sold 389,368,450 shares of Apple in the second quarter, leaving it with 400,000,000 shares [1]. - The sale likely generated proceeds around $82 billion based on Apple's current market value [2]. Group 2: Potential Reasons for the Sale - Taking profits: Berkshire had a gain of over 400% from its Apple investment, suggesting a desire to realize some profits [2]. - Reducing concentration: By the end of 2023, Apple constituted about half of Berkshire's stock portfolio, indicating a move to diversify [2]. - Raising cash: Post-sale, Berkshire's cash and Treasuries totaled $277 billion, possibly in anticipation of a recession [2][3]. Group 3: Portfolio Impact - The sale resulted in a less concentrated stock portfolio for Berkshire, alongside a substantial cash reserve for future investments [3].