Warren Buffett’s Berkshire Hathaway may have reduced its Apple stake in the third quarter, per a regulatory filing. The cost basis of its consumer products equity holdings dropped by $1.2 billion, likely due to selling Apple shares. Apple’s stock rose by 24%, presenting a profitable chance for Buffett.

Buffett previously sold a significant portion of Berkshire’s Apple shares in 2024 and continued to trim in the second quarter of 2025. The exact size of the current Apple position will be revealed in the upcoming 13F filing. Reasons for the sales include tax concerns, high valuation worries, and portfolio management with Apple dominating Berkshire’s portfolio.

Berkshire has been selling stocks for 12 consecutive quarters, amassing over $6 billion in cash in Q3. Buffett’s stock market valuation indicator hit a record high, leading him to caution against overvaluation. The Oracle of Omaha’s strategic moves reflect concerns about market conditions and portfolio balance.

Read more at CNBC: Warren Buffett may have again cut Berkshire’s stake in Apple in Q3