Warren Buffett Sells Apple Stock and Buys an Industry-Leading Stock Up 3,400% Since Its IPO
Warren Buffett oversees the vast majority of Berkshire Hathaway's equity holdings, while fellow investment managers Todd Combs and Ted Weschler handle a small percentage of the $299 billion portfolio. Berkshire doesn't disclose which trades are made by which person, but Buffett almost certainly manages the largest positions like Apple (NASDAQ: AAPL).Berkshire had 50% of its 41-stock portfolio invested in Apple as of December 2023. But Buffett sold 605 million shares through the first three quarters of last year, such that Berkshire had just 26% of its portfolio invested in Apple as of September 2024. The timing of those sales is detailed below:Meanwhile, during the third quarter, Berkshire started a small position in Domino's Pizza (NASDAQ: DPZ). That stock is up 3,400% since its initial public offering (IPO) in July 2004 but has struggled more recently. Shares have advanced only 8% in the last three years despite a 35% gain in the S&P 500 (SNPINDEX: ^GSPC).Continue reading
Warren Buffett oversees the vast majority of Berkshire Hathaway's equity holdings, while fellow investment managers Todd Combs and Ted Weschler handle a small percentage of the $299 billion portfolio. Berkshire doesn't disclose which trades are made by which person, but Buffett almost certainly manages the largest positions like Apple (NASDAQ: AAPL).
Berkshire had 50% of its 41-stock portfolio invested in Apple as of December 2023. But Buffett sold 605 million shares through the first three quarters of last year, such that Berkshire had just 26% of its portfolio invested in Apple as of September 2024. The timing of those sales is detailed below:
Meanwhile, during the third quarter, Berkshire started a small position in Domino's Pizza (NASDAQ: DPZ). That stock is up 3,400% since its initial public offering (IPO) in July 2004 but has struggled more recently. Shares have advanced only 8% in the last three years despite a 35% gain in the S&P 500 (SNPINDEX: ^GSPC).
