More than half of Berkshire Hathaway’s Apple property was loaded last quarter.

Tim Cook and Warren Buffett at Apple Park
In a surprise move in the second quarter 2024, Warren Buffett’s Berkshire Hathaway sold the most Apple shares in years. Berkshire Hathaway unloaded around 400 million and missed the peak of the stock price after WWDC. Berkshire Hathaway owned about $174.3 Billion in Apple stock in December 2023. According to the Saturday report, Berkshire Hathaway now holds approximately $84.2 billion worth of Apple stock, assuming no further sales in the past month. The maximum price it could have gotten for the shares was $192.35, on May 21. Apple’s stock reached its highest price of the year just a few days after the quarter ended, post-WWDC. It hit $234.82 on 16 July. Apple’s stock closed Friday at $219.86, after earnings that exceeded Wall Street expectations. After the sale, the firm now owns approximately 2.6% of Apple. This stake is worth approximately $88 billion. This sale is the latest in a long line of stake-trims. Berkshire Hathaway sold about 12.5% its Apple holdings during the first quarter 2024 before the sale in the second quarter. Apple was also sold by the firm at the end of 2023. Apple remains Berkshire Hathaway’s largest holding, based on value. In 2020 and 2021, the firm sold a similar percentage of Apple stock. Warren Buffett said that the sales were “probably a mistake” after the fact.