Warren Buffett has been selling shares of Apple, with over 615 million shares sold since September 30, 2023. Meanwhile, he has also been buying shares of a hot consumer brand for three consecutive quarters, showing a shift in his investment strategy. Buffett’s trading activity is closely followed by investors seeking long-term gains. Berkshire Hathaway’s CEO has a track record of outperforming Wall Street, with a cumulative return of 5,732,279% in his company’s Class A shares as of July 17. Investors can track Buffett’s trades through Form 13F filings.

Buffett’s significant selling of Apple shares may be due to concerns about corporate income tax rates, as he predicted a future increase. Congress has since passed a law making the peak marginal corporate income tax rate permanent. Apple’s growth engine has stalled, with physical device sales declining despite rising subscription services revenue. Buffett may also be wary of Apple’s high valuation, as its stock is up 40% over the past three years.

Despite selling more stocks than he’s purchased, Buffett has found value in Domino’s Pizza, buying shares for three consecutive quarters. The restaurant chain has seen significant growth and innovation, with a strong focus on franchisees and brand value. Domino’s consistent same-store sales growth and shareholder rewards make it an appealing investment for Buffett. The company’s strategic growth plan prioritizes innovation through AI and supply chain improvements.

Read more at Nasdaq: Billionaire Warren Buffett Sold 67% of Berkshire’s Stake in Apple and Has Loaded Up On a Consumer Favorite That’s Rallied 7,400% Since Its IPO