Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.
OMAHA, Nebraska — Warren Buffett's Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the "Oracle of Omaha" continued to downsize his one-time favorite bet.
In its first-quarter earnings report, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares.
It sold about 10 million Apple shares (just 1% of its massive stake) in the fourth quarter.
This filing, when accounting for the change in Apple's stock price, would imply Berkshire sold about 116 million shares.
Persons:
Warren Buffett, OMAHA , Nebraska — Warren, Berkshire Hathaway, Buffett, Ted Weschler, Todd Combs
Organizations:
Berkshire, OMAHA , Nebraska —, Apple
Locations:
Omaha , Nebraska, OMAHA , Nebraska, Omaha