4 articles | last updated: Nov 22 10:48:21
The legendary investor has dramatically reduced his Apple holdings and other key stocks, signaling caution in an overheated market.
- Berkshire Hathaway, led by Warren Buffett, has sold significant portions of its Apple stock, reducing its position by 87% this year while still retaining it as its largest holding at 23.3% of the portfolio.
- The company has also trimmed stakes in Bank of America, Chevron, and other major firms, while fully exiting positions in HP, Snowflake, and Paramount Global.
- Berkshire now holds a record $325 billion in cash, primarily in U.S. Treasury bills, reflecting Buffett's skepticism about current market valuations.
- Despite a booming stock market and record highs in the S&P 500, Buffett's actions suggest he views the market as overpriced and is preparing for potential corrections.
- Berkshire has made small investments in Domino's Pizza and Pool Corporation, but analysts speculate the cash reserve may be intended for future acquisitions or stock buybacks during market downturns.
People, Places and Things In This Story
- Apple Technology company
- Warren Buffett Chairperson of Berkshire Hathaway
- Berkshire Hathaway Multinational conglomerate company
- S&P 500 Stock market index
- Domino's Restaurant chain
- Bank of America Financial services company
- Snowflake Company
- Paramount Global Entertainment company
- Chevron Corporation Petroleum refineries company
Categories:
- Business
- Economics