Berkshire Hathaway reduces stake in Apple and Bank of America to increase cash reserves.

From Nasdaq: 2024-11-04 11:17:32

Berkshire Hathaway reported a cash pile of $325.2 billion in Q3 after selling stakes in Apple and Bank of America. They held 907.6 million Apple shares valued at $174.3 billion last year, now worth $69.9 billion. Analysts suggest Warren Buffett’s discomfort with technology influenced the sales, possibly linked to partner Charlie Munger’s death in 2023. Berkshire also sold $9 billion in Bank of America shares.



Read more at Nasdaq: Berkshire Hathaway Reduces Stake In Apple, BofA As Cash Pile Hits $325.2 Bln