Tim Cook and Warren Buffett in Apple Park
In a surprise move, in the second quarter of 2024, Warren Buffett’s Berkshire Hathaway made the biggest sale of Apple in years, unloading around 400 million shares and missing the post-WWDC stock peak.
In December 2023, Berkshire Hathaway held about $174.3 billion in Apple stock. As of the Saturday report, the company now holds about $84.2 billion in Apple stock, barring more sales in the last month.
The most it could have sold the shares for is $192.35 on May 21. Apple stock’s best price of the year was just a few weeks after the quarter closed, post-WWDC, with it hitting $234.82 on July 16.
The sale is just the latest in a series of stake-trims. Berkshire Hathaway unloaded about 12.5% of its Apple holdings in the first quarter of 2024, before the second quarter’s sale. And the firm ended 2023 with a sale of Apple as well.
