Warren Buffett’s Berkshire Hathaway
may have quietly trimmed its massive Apple
stake again in the third quarter, a new regulatory filing suggests.
In its latest quarterly report, Berkshire said the cost basis of its consumer products equity holdings fell by roughly $1.2 billion from the prior quarter. That category is dominated by the giant conglomerate’s Apple position, implying the decline likely reflects additional sales of Apple shares.
Apple’s stock jumped more than 24% in the third quarter, a rally that would have offered Buffett an attractive opportunity to take profits.
