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☆ Where Jim Cramer stands on Apple after more selling from Warren Buffett's Berkshire
▼ + stars: | 2024-11-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +3 min

The news Berkshire Hathaway sold another large chunk of Apple shares, according to the Warren Buffett -led company's earnings report Saturday. But it still held roughly $69.9 billion worth of Apple shares at the end of September. It's unclear why Berkshire is selling Apple, but investors don't seem too worried. AAPL YTD mountain Apple YTD Apple stock fell 1% in Monday's down market, the first chance Wall Street got to react to the news. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Berkshire Hathaway, Warren Buffett, Morgan Stanley, Jim Cramer, Jim, Buffett, Jim Cramer's Organizations: Berkshire, Apple, of America, CNBC, Nurphoto, Getty Locations: Omaha, Berkshire, Monday's, Manhattan , New York

☆ Warren Buffett continued to sell down his Apple stake, cutting about a quarter in the third period
▼ + stars: | 2024-11-02 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Omaha-based conglomerate held $69.9 billion worth of Apple shares at the end of September, according to its third-quarter earnings report released Saturday morning. That implied Buffett offloaded approximately a quarter of his stake with about 300 million shares remaining in the holding. Warren Buffett sold another big chuck of his Apple stake, downsizing Berkshire Hathaway 's biggest equity holding for four quarters in a row. Before Apple, Buffett largely avoided technology companies for most of his career, saying they were outside of his circle of competence. Apple shares are up 16% on the year, trailing the S&P 500's 20% gain.

Persons: Buffett, Warren Buffett, Berkshire Hathaway, Ted Weschler, Todd Combs, buybacks Organizations: Oracle, Apple, Berkshire, U.S Locations: Omaha, Berkshire

☆ Warren Buffett's Berkshire Hathaway may have left $23 billion on the table by trimming Apple stock earlier this year
▼ + stars: | 2024-10-17 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Berkshire Hathaway cut its Apple stake by 55% in the first half of 2024, potentially missing out on $23B in profits. Apple shares have jumped 10% since the second quarter, driven by optimism about Apple Intelligence. Berkshire Hathaway entered 2024 with a massive stake in Apple, holding 905.6 million shares worth about $174 billion at the time. Instead, Berkshire Hathaway's current stake in Apple was worth $84 billion at the end of the second quarter. AdvertisementThe difference between the weighted average price and the price of Apple stock on Thursday nets out the $23.1 billion in missed profits for Berkshire Hathaway.

Persons: Berkshire Hathaway, —, Warren, That's, It's, Buffett Organizations: Berkshire, Apple, Apple Intelligence, Service, Business, company's Apple Intelligence Locations: Apple, Berkshire, HedgeFollow

☆ Warren Buffett has sold about $10 billion of Bank of America stock — after slashing his Apple stake by nearly 60%
▼ + stars: | 2024-10-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett has sold 23% of his Bank of America stake for about $10 billion since mid-July. AdvertisementWarren Buffett has followed up the surprise paring of his Apple stake by taking a knife to another of his largest holdings: Bank of America. Berkshire has slashed its stake from 1.03 billion shares to 794 million shares, reducing its ownership from 13.2% to 10.2%. Related storiesBuffett might also be rebalancing Berkshire's $300 billion stock portfolio in line with his smaller Apple bet. True to his bargain-hunter reputation, Buffett topped up his Bank of America stake in 2020, when the pandemic-hit stock was trading around $25.

Persons: Warren Buffett, Buffett, —, Berkshire Hathaway, hasn't, he's, Goldman Sachs, There's, Brian Moynihan Organizations: Bank of America, Berkshire Hathaway's, Express, Service, Berkshire, Securities, Exchange, Apple, American Express, Oracle, of America, Bank of, JPMorgan Locations: Berkshire, —, Thursday's, Omaha

☆ Warren Buffett's Berkshire Hathaway sold nearly half its stake in Apple
▼ + stars: | 2024-08-03 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway dumped nearly half of its gigantic Apple stake last quarter in a surprising move for the famously long-term-focused investor. Even after the selling Apple remains the largest stock stake by far for Berkshire. Buffett trimmed the Apple stake by 13% in the first quarter and hinted at the Berkshire annual meeting in May that it was for tax reasons. But the magnitude of this selling suggests it could be more than just a tax-saving move. Berkshire's Apple holding was once so big that it took up half of its equity portfolio.

Persons: Warren, Berkshire Hathaway, Buffett Organizations: Apple, Oracle, Berkshire, U.S Locations: Omaha, Berkshire

Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank's strong 2024 run. Warren Buffett's conglomerate sold 33.9 million shares of Bank of America shares for almost $1.5 billion in separate sales on Wednesday, Thursday, and Friday at an average selling price of $43.56, a regulatory filing showed. Still, Bank of America remains Berkshire's second largest equity position after Apple, holding 999 million shares with a market value of almost $43 billion. Berkshire could be taking some profits as Bank of America has rallied 27.4% so far this year to its highest levels since March 2022.

Persons: Warren Buffett, Berkshire Hathaway, Warren Buffett's, Buffett Organizations: Berkshire, of America, Bank of America, Apple, America's Locations: Omaha , Nebraska, Berkshire, Omaha

☆ Warren Buffett's Berkshire Hathaway made a number of changes in its equity portfolio last quarter
▼ + stars: | 2024-05-15 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett unveiled Chubb as his secret buy and Berkshire Hathaway's equity portfolio had some other changes in the first quarter, according to a new regulatory filing. Firstly, the Omaha-based conglomerate tweaked his energy exposure last quarter, adding to its Occidental Petroleum holding slightly and trimming the Chevron stake. Berkshire has been steadily increasing its Occidental bet since it first took a position in the first quarter of 2022. It was previously disclosed that Buffett trimmed Berkshire's Apple holding by 13% in the first quarter. Other than these changes, Berkshire's top 10 holdings remained unchanged last quarter.

Persons: Warren Buffett, Chubb, Buffett Organizations: Berkshire, Occidental Petroleum, Chevron, Occidental, HP, Paramount Locations: Omaha, Berkshire, Louisiana, Pacific

☆ Ariel Investments CEO John Rogers calls Berkshire one of 'best investments of all time'
▼ + stars: | 2024-05-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAriel Investments CEO John Rogers calls Berkshire one of 'best investments of all time'Berkshire Hathaway Chairman and CEO Warren Buffett presides over the 2024 Berkshire Hathaway annual meeting. John Rogers, Ariel Capital Management founder, speaks with CNBC's Michael Santoli and Becky Quick about Berkshire's Apple stake, how investors should consider investing in Berkshire Hathaway, and more.

Persons: John Rogers, Berkshire Hathaway, Warren Buffett, CNBC's Michael Santoli, Becky Quick Organizations: Ariel, Berkshire, Berkshire Hathaway, Ariel Capital Management, Apple Locations: Berkshire, Berkshire Hathaway

☆ Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions
▼ + stars: | 2024-05-03 | by ( Kif Leswing | ) www.cnbc.com time to read: +9 min

That's about four times bigger than Berkshire's second-biggest public stock holding, Bank of America , and makes the company the No. The bet on Apple and CEO Tim Cook has paid off handsomely for Buffett, who said in 2022 that the cost of Berkshire's Apple stake was only $31 billion. "So I called up Warren Buffett. "It's kind of more like an annuity and I think that's what Warren Buffett really sees as well." "When I buy Apple, I know that Apple is going to repurchase a lot of shares," he said in 2018.

Persons: Tim Cook, Warren Buffett, Berkshire Hathaway, behemoth, Buffett, He's, Cook, Apple, Warren, Ted Weschler, it's, Dan Eye, Buffett hasn't, Bernstein, Toni Sacconaghi didn't, Sacconaghi, Clayton Organizations: Warren Buffett Getty, CNBC, Berkshire, Apple, Bank of America, Buffett, Consumer Intelligence Research Partners, iPhone, Washington Post, Oracle, Fort Pitt Capital Group, Microsoft, The, Apple Watch, DOJ, Clayton Homes Locations: Omaha , Nebraska, Berkshire, Omaha, Cupertino , California, U.S

☆ What Warren Buffett learned from his past investment mistakes, including IBM and airlines
▼ + stars: | 2023-10-01 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

In the years after Buffett sold IBM, he dramatically raised Berkshire's stake in Apple, becoming the largest shareholder outside of index and exchange-traded fund providers. As of the end of June, Berkshire's Apple stake was worth more than $177 billion, accounting for nearly half of Berkshire's entire equity portfolio. Buffett also admitted it was a mistake not being an early investor in Amazon , saying he underestimated the brilliance of founder Jeff Bezos. Some said that Buffett sold them too early and missed the subsequent rebound when the economy reopened. "It could've been worse, but it was a mistake," Buffett said during 1995 annual meeting .

Persons: Warren Buffett, he's, Buffett, Berkshire's, That's, Ben Graham, Jeff Bezos, Charlie Munger, we'll, I'd, Long, we'd, Richard Branson Organizations: Oracle, HP, Apple, Business Machines, IBM, Berkshire's Apple, Taiwan Semiconductor, Big Tech, Google, — United, Delta Air Lines, US Air, Virgin Atlantic Airways Locations: Omaha, Berkshire, Taiwan, U.S, American, Southwest

☆ Warren Buffett's Berkshire Hathaway makes interesting bet on these homebuilders
▼ + stars: | 2023-08-14 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway bought shares of a few homebuilders in the last quarter, a new regulatory filing revealed. Horton shares, $70 million worth of NVR shares as well as $17.2 million worth of Lennar in the second quarter, the filing showed. These stakes are relatively small for Berkshire, whose equity portfolio is worth nearly $350 billion. Top holdings Berkshire shares just hit a record high last week on the back of strong second-quarter results. Also during the second quarter, Berkshire added to its relatively new stake in Capital One Financial , bringing it to nearly $1.4 billion.

Persons: Warren, Berkshire Hathaway, Horton, Todd Combs, Ted Weschler, Benjamin Moore Organizations: Berkshire, Clayton Homes, Apple, American Express, Bank of America, Capital, General Motors, Chevrolet, GMC Locations: Omaha, Berkshire, McLean , Virginia

☆ Berkshire shares hit all-time high as investors cheer strong earnings, Buffett's near-record cash pile
▼ + stars: | 2023-08-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The Omaha-based giant reported Saturday that its operating earnings jumped 6.6% year over year, totaling $10.04 billion last quarter. Berkshire's Class A shares climbed 3% to hit an all-time high of $550,660 on an intraday basis, exceeding the conglomerate's previous high from March 2022. Class B shares of Warren Buffett 's conglomerate rose a similar 2.8%, on track to close at a record high. Berkshire Hathaway shares rallied to a record high Monday following a strong quarterly report that showed a rebound in insurance operations as well as a massive cash hoard that swelled to nearly $150 billion. Insurance underwriting earnings recorded a 74% increase to $1.25 billion, benefiting from higher interest rates and lower catastrophe losses.

Persons: Warren Buffett, Berkshire Hathaway, Buffett, he's, Bill Stone, Apple, Brian Meredith Organizations: Berkshire, Glenview Trust, Apple, UBS Locations: Omaha, Berkshire, Glenview

☆ Three-quarters of Warren Buffett’s equity portfolio are tied up in just 5 stocks. Here’s what they are
▼ + stars: | 2023-08-05 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Warren Buffett's Berkshire Hathaway reported more than $20 billion in equity investment gains for the second quarter, and over three-quarters of its stock portfolio were tied up in just five names. Berkshire reported a near $26 billion unrealized gain from its investments, and much of this gain came from its gigantic stake in Apple . The tech giant fueled the market rally in the second quarter, climbing nearly 18%. Shares of Chevron were down more than 11% this year, compared with the S & P 500's near 17% gain. As always, though, the legendary investor asked investors to not focus on the quarterly fluctuations in Berkshire's equity investments.

Persons: Warren, Berkshire Hathaway, Apple, Tim Cook, Buffett Organizations: Apple, Chevron, Oracle, American Express, Bank of America Locations: Berkshire, Omaha

☆ Buffett says people would rather give up a second car than an iPhone. Here's why Apple's business is so stellar
▼ + stars: | 2023-05-08 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

"If they had to give up a second car or give up their iPhone, they'd give up their second car. AAPL .SPX mountain 2016-05-16 Apple's stock performance versus the S & P 500 since May 16, 2016, the day Berkshire's stake in the iPhone maker was first disclosed. Buffett's comments Saturday were "very bullish on Apple," Jim said Monday during the Club's "Morning Meeting." Free cash flow is generally defined as operating cash flow minus capital expenditures or cash spent on purchases of plant, property and equipment (PP & E). Berkshire currently owns about 5.66% of the 15.82 billion Apple shares outstanding, according to FactSet.

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