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Berkshire’s Earnings Hint at More Apple Sales as 13F Disclosure Nears

Analysts cite Berkshire’s $8.2 billion realized gains as evidence of further Apple sales ahead of the Nov. 14 holdings filing.

Overview

  • Berkshire reported $8.2 billion in after-tax realized gains in the third quarter, a level Barron’s analysis says would align with selling Apple shares.
  • The company’s cost basis for consumer stocks fell to about $12.2 billion from roughly $13.4 billion in the prior quarter.
  • Berkshire has sold roughly two-thirds of its Apple stake since 2023 after the position once peaked near 40% of its equities portfolio.
  • Despite prior sales, Apple still accounted for more than 24% of Berkshire’s equity holdings at the end of the second quarter.
  • A definitive update on Berkshire’s Apple position is expected in the third-quarter 13F filing due around Nov. 14.