BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Berkshire Hathaway Reduces Apple Stake Amid Tech Sector Underperformance
Berkshire Hathaway Reduces Apple Stake Amid Tech Sector Underperformance
10
1
BTCCSquare news:
Warren Buffett's Berkshire Hathaway has significantly trimmed its Apple holdings, selling 20 million shares in Q2 despite the tech giant remaining its largest public stock position. The move comes as Apple shares lag behind broader tech indices, down 10% year-to-date versus the Nasdaq's 8.4% gain.
Berkshire's Apple stake now represents 21.4% of its portfolio - a stark reduction from its peak position exceeding 50%. The divestment aligns with Buffett's strategy to amass a $344 billion cash war chest, signaling cautious positioning in volatile markets.
By:
