ICYMI – Warren Buffett’s Berkshire Hathaway reduced its stake in Apple by 13% in the first quarter

Warren Buffett’s Berkshire Hathaway released its first quarter earnings report on Saturday.

• Reported Apple holdings of approximately $135.4 billion (approximately 790 million shares, indicating the company divested approximately 13% of its stake)

Apple remains Berkshire’s largest holding, but the first quarter marks the second consecutive quarter in which Berkshire has reduced its stake in AAPl. In the fourth quarter of 2023, it sold approximately 10 million shares of Apple stock (only 1% of its stake).

Buffett suggested the first-quarter sell-off was tax-driven.

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The U.S. stock index futures market opened for the week Sunday evening. The chart is that of a CFD linked to the NASDAQ: