Buffett and his conglomerate have recently significantly reduced their holding in Apple, although it is still substantial. The latest quarterly report shows that they still have a holding valued at 69.9 billion dollars in Apple, which has risen 30 percent on the New York stock exchange this year.
However, according to CNBC, it is unclear what has contributed to Berkshire Hathaway increasingly selling off Apple, but among the theories is that the company previously had too large a share of stocks – at one point, Apple accounted for more than half of the company's stock portfolio. Buffett himself has also hinted that the sale was made for tax technical reasons.
Berkshire Hathaway's assets are simultaneously growing rapidly. In connection with the interim report, it is stated that the assets amount to a staggering 325.2 billion dollars – a record for the company.
