Zhi Tong Cai Jing·2025-11-04 04:11Group 1 - Berkshire Hathaway may have quietly reduced its substantial Apple holdings in Q3, with a decrease of approximately $1.2 billion in its consumer stock portfolio cost, primarily attributed to Apple shares [1] - Apple stock saw a cumulative increase of over 24% in Q3, providing an ideal profit-taking opportunity for Berkshire [1] - Berkshire's Apple holdings were valued at $57 billion with 280 million shares as of the end of June, making it the largest single holding [1] Group 2 - Buffett hinted that the reduction in Apple stock was due to tax considerations, but there are concerns about Apple's high valuation and the need for portfolio management, as Apple once constituted over 50% of Berkshire's investment portfolio [2] - Berkshire has been a net seller of stocks for 12 consecutive quarters, raising over $6 billion in cash in Q3 alone [2] - A stock market valuation indicator, which compares the total market value of publicly traded stocks to the U.S. GDP, has reached a historical high, prompting concerns from Buffett [2]