Warren Buffett sells off Apple and Bank of America stock, focusing on safer investments like Treasury bills

From Nasdaq: 2024-11-29 06:40:00

Warren Buffett, known for his incredible investing success, has overseen Berkshire Hathaway’s growth to over $600 billion in investable assets. Buffett recently made significant sales of Apple and Bank of America stock, totaling $133 billion in sales in 2024 so far. Despite selling off, Apple remains Berkshire’s largest equity position.

Buffett is also selling Bank of America shares, citing potential tax changes as a reason. He’s already sold $10.5 billion worth of shares and may continue trimming the position. Buffett has been investing heavily in Treasury bills this year, with a $157.2 billion increase in his holdings. This move aligns with his strategy of prioritizing safety over yield in short-term investments.

While Buffett is cautious about the stock market’s current opportunities, he believes there are still lucrative options for smaller investors. He continues to make strategic moves with Berkshire’s portfolio, focusing on preserving capital. Buffett’s recent sales suggest he sees Apple and Bank of America as overvalued, leading to his shift towards safer investments like Treasury bills.

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Read more at Nasdaq: Warren Buffett Is Selling Apple and Bank of America Stock and Piling Into This High-Yield Investment Instead