Berkshire Hathaway Amasses $352 Billion Cash Pile Amid Apple Stock Sell-Off

Warren Buffett's firm reduces Apple holdings, citing overvaluation and potential tax hikes, while maintaining a cautious investment stance.

Berkshire Hathaway sold 70% of its Apple shares over four quarters, reducing its stake to about $70 billion.
The company ended September with $352.2 billion in cash, reflecting a 17.4% increase from the previous quarter.
Warren Buffett attributes the sell-off to high stock valuations and anticipates higher capital gains taxes.
Berkshire did not repurchase any of its own shares this quarter, a first since 2018, due to perceived overvaluation.
Analysts speculate that the passing of vice chairman Charlie Munger may have influenced Buffett's decision to sell Apple shares.