Warren Buffett’s Berkshire Hathaway offloaded 20 million Apple shares in the second quarter, further reducing its stake in the Cupertino-based tech company.
Krystal Hur for The Wall Street Journal:
Berkshire sold 20 million shares of Apple in the three months ended in June. The company shed a big slice of Apple last year. Still, Apple remains Berkshire’s largest holding, along with American Express, Bank of America, Coca-Cola and Chevron.
Apple’s shares recently traded at about 30 times its projected earnings over the next 12 months, according to FactSet. The stock fell 0.1% in after-hours trading Thursday, and has slipped 7% this year.
Berkshire disclosed the moves in a regulatory filing made public after the market closed Thursday. Institutional investors managing at least $100 million in U.S. stocks and certain other equities must disclose their holdings at the end of each quarter in Form 13F filings with the Securities and Exchange Commission.
MacDailyNews Take: If, during April 1 – June 30, Buffet sold on April 2nd at Apple’s highest price of $225.19, he’d have lost $7.59 per share on paper vs. today’s close of $232.78 or $151.8 million. If Buffet sold at Apple’s lowest price during the period, $169.21 (Apr. 8), he’d have lost $63.57 per share on paper vs. today’s close or $1.2714 billion.
Based on today’s close, Warren Buffett’s Berkshire Hathaway lost somewhere between $151.8 million – $1.2714 billion by selling 20 million shares of Apple stock in the three months ended in June.
“Sub-$170 AAPL seems like an absolute gift to us…” – MacDailyNews, April 8, 2025, the exact date Apple (AAPL) hit its 52-week low of $169.21.
If Warren Buffett’s Berkshire Hathaway bought 20 million shares that day, instead of selling them, those shares would be up $63.57 each or a total of $1.2714 billion today.
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That’s why the price was depressed. I’ve learned a big painful lesson with Apple. Don’t invest in the shares of companies Berkshire owns. You will endure months of price under performance as they adjust their share holdings. I’ve needed to make sales and then watch months of price weakness as buffet sells into every price rally. It sucks!
You are only a trader, not an investor.
For Buffet types, you are fair game.
Suck up and take it like a man!
Investors in a great company can’t be blind to the reality of the departure of innovators starting with Steve Jobs death, the departure of Jonny Ive, the proliferate spending on Tims car project, the early release of the Vision Pro to try and hide his other errors and failure to realise an innovative project.
The constant leaks of products or software which are delayed or don’t come up to expectation. The complete AI fiasco if he was waiting for the right moment to join this party why did he release information on product that was not ready or may not even have been commissioned in a desperate attempt to cover his failings.
This hero worshipping in not worthy, Everyone makes mistakes bad judgement calls and Steve Jobs made many. He nearly collapsed the company and Tim Cooks help in sorting out the supply change saved it. But that is what he does and it’s sorted. He loved the car project as it was a supply chain project. He now needs to move on as do some of the other senior management that he has appointed to protect his position and his negative innovative philosophy.
You don’t know what you’re talking about. Sizable portion of my holdings were bought in 2004 amd 2006 long before Buffett piled on.
Hes also getting nervous about Tim’s leaks and refusal to go so the company can innovate
Apple is just leaving historic products leaking information to give shareholders hope but nothing new or innovative
Tim time to move ober