From CNBC: 2024-05-04 08:48:00

Warren Buffett’s Berkshire Hathaway cuts its massive Apple stake in the first quarter, worth $135.4 billion. This marks a 13% decline, with Apple still being Berkshire’s largest holding. Speculation suggests the move was due to valuation concerns after Apple’s 48% gain in 2023. Buffett has previously expressed admiration for the tech giant as his second-most important business. Despite the sale, Berkshire remains Apple’s largest shareholder outside of ETF providers.

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