Berkshire Hathaway reduces Apple stake by half, increases cash holdings, reflecting cautious economic outlook.

From Nasdaq: 2024-08-04 19:03:26

Warren Buffett’s Berkshire Hathaway has cut its Apple stake by half, selling about half its shares while increasing cash holdings to nearly $277 billion. This move reflects Buffett’s cautious stance on the U.S. economy and current stock market valuations. Despite the reduction, Apple remains Berkshire’s largest stock investment at $84.2 billion. This decision highlights Buffett’s concern about finding attractive investment opportunities amid uncertain economic conditions.

Berkshire Hathaway’s record quarterly operating profit contrasts with its defensive strategy of reducing Apple holdings and boosting cash reserves. The conglomerate’s cash stake rose to $276.9 billion, signaling a focus on identifying future investment opportunities that align with Buffett’s risk-averse philosophy. The impact of these decisions on Berkshire’s long-term growth and profitability will be closely monitored by investors and analysts.



Read more at Nasdaq: Berkshire Posts Record Profit, Cuts Apple Stake as Economic Caution Rises