Buffett Trims Apple Stake, Shifts Focus to Industry Leader

Warren Buffett's Berkshire Hathaway has significantly reduced its position in Apple, selling 69% of its stake over recent quarters. The MOVE comes as the Oracle of Omaha continues his pattern of portfolio adjustments that have delivered nearly 5.8 million percent returns for BRK.A shares since 1965.

While divesting from the tech giant, Berkshire has been accumulating shares of an unnamed industry-leading company for four consecutive quarters. The strategic shift appears in Berkshire's Q2 13F filing, revealing how the $100 billion-plus portfolio manager is repositioning for future growth.

Buffett's investment decisions carry particular weight given his six-decade track record of nearly 20% annualized returns. Retail and institutional investors alike scrutinize these filings, though the report notably lacks any exposure to cryptocurrency assets among Berkshire's holdings.