From Nasdaq: 2024-05-07 05:27:00

Berkshire Hathaway’s 13-F filings for the first quarter of 2023 are due May 15, but at their annual meeting, Warren Buffett revealed two stocks they sold, contributing to a record cash pile of $189 billion. This includes the sale of their Paramount stake and cutting losses due to disappointing performance.

Another stock sold by Berkshire in the first quarter is Apple, with approximately 13% of their stake sold for nearly $20 billion. Despite the sale, Buffett still considers Apple a favorite, with the decision possibly made for tax reasons. He sees Apple as a top holding even after he steps down.

Berkshire Hathaway continued its trend of being a net seller of stocks in the first quarter, with setbacks in certain industries. It’s worth noting that the recent 13-F filing may reveal more buying activity within the portfolio. Investors should consider the potential stocks identified by The Motley Fool Stock Advisor team for better long-term returns.

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Read more at Nasdaq: Warren Buffett Just Sold These 2 Stocks, Even Though He Still Loves One of Them