Omaha, NE – Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has reported a significant reduction in his stake in Apple Inc. (NASDAQ: AAPL), despite the stock surging by 30.35% in 2024.
As of November 14, 2024, Berkshire Hathaway's latest 13-F filing revealed that Apple remains the company's largest holding, with 300 million shares representing 26% of its total portfolio. Buffett first invested in Apple in Q4 2016, acquiring shares at an average price of $24.91.
After increasing his stake over several quarters, Buffett notably reduced his holdings between Q3 2018 and Q1 2022, before resuming purchases when shares were priced around $168. However, since Q4 2023, he has sold over 615 million shares, realizing substantial profits.
At press time, Apple shares were trading at $242.70, reflecting a healthy return for Buffett, who has faced criticism for entering the tech sector later than peers.