Warren Buffett continued to slash his stake in Apple as part of a selling spree that has seen his Berkshire Hathaway dump $166bn worth of stocks over the past two years, with the Oracle of Omaha finding few other opportunities to chase in the US stock market.
The sprawling industrial and investment conglomerate disclosed on Saturday that it had reduced its position in Apple to $69.9bn in the third quarter, indicating it had shed a further 100mn shares in the three-month period.
In just over a year, Buffett has ditched almost two-thirds of his stake in the technology company, which at its peak in 2023 accounted for $178bn of the company’s stock portfolio.
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