Warren Buffett's Berkshire Hathaway sold significant stakes in Apple, Bank of America, and BYD.

From Nasdaq: 2024-11-11 05:06:00

Warren Buffett, CEO of Berkshire Hathaway, has led the company to a cumulative gain of over 5,676,000% in his nearly 60-year tenure. Investors often follow his trades, which can be tracked through public filings like Form 13F, due out on Nov. 14, revealing recent stock purchases and sales.

Despite not needing to wait for the 13F, Berkshire’s net selling activity has been substantial over the last two years, with $166.2 billion more in stocks sold than purchased. Recent selling activity includes $22.5 billion in Apple, $9.61 billion in Bank of America, and $44.3 million in BYD.

Buffett’s decision to sell large stakes in Apple and Bank of America may be influenced by expectations of rising corporate tax rates and a desire to capitalize on unrealized gains. Berkshire’s recent quarterly reports indicate strategic moves to adjust its investment portfolio, potentially in response to market conditions.

For investors seeking new opportunities, analysts have identified potential “Double Down” stock recommendations with historical success. Investments in companies like Amazon, Apple, and Netflix following previous recommendations have shown impressive returns over time. Now may be an opportune moment to consider these latest recommendations.



Read more at Nasdaq: These 3 Stocks Account for Close to 90% of Warren Buffett’s $36 Billion Selling Spree in the September-Ended Quarter