Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple, selling about 13% of its holdings in the first quarter of 2024, which leaves Berkshire with approximately $135.4 billion worth of Apple shares. Despite the sell-off, Apple remains Berkshire's largest holding. This reduction coincides with Apple's announcement of a $110 billion buyback program, the largest in U.S. history, and an increase in its quarterly dividend to $0.25 from $0.24. Additionally, Berkshire Hathaway reported a record operating profit of $11.22 billion for the first quarter, a 39% increase from the previous year, and its cash reserves swelled to approximately $189 billion. Buffett commented on the strategy, noting the importance of building a substantial cash position under current economic conditions.
Here's what Buffett said about his key holdings like Apple at the Berkshire annual meeting https://t.co/0B1efHQbF1
Full recap of Warren Buffett’s comments at the Berkshire Hathaway annual meeting: ‘I hope I come next year’ https://t.co/wdM2xlGAS6
Buffett wrapped up the 5-hr Q&A. He signed off with "I not only hope you come next year. I hope I come next year." Here are some of the highlights: https://t.co/EwWCbLvRSa via @marketwatch
Warren Buffett revealed that he dumped Berkshire Hathaway’s entire Paramount stake at a loss. “I was 100% responsible for the Paramount decision,” Buffett said at Berkshire’s annual shareholder meeting. “It was 100% my decision, and we’ve sold it all and we lost quite a bit of… https://t.co/WzG1PNswn5
Buffett closes the Berkshire 2024 meeting with this: "Thank you very, very much for coming. And I not only hope that you come next year, but I hope I come next year....& again, thanks for coming and I'll see you next year" $BRK.A $BRK.B $BRK https://t.co/KH9sQ4SggZ
Warren Buffett's Berkshire Hathaway reported a steep drop in earnings Saturday as the paper value of its investments plummeted and it pared its Apple holdings. Nevertheless, tens of thousands of shareholders looked forward to hearing from Buffett... https://t.co/D3dmZ7wZyE
What did you think of Warren Buffett and Berkshire Hathaway's $BRK.B 2024 annual shareholder meeting?
Buffett reassures about Berkshire's future, praises Apple even as he sells it https://t.co/4uFzGs8XE1 https://t.co/ZcJHIx90FY
Warren Buffett has sold a lot of Apple stock so far in 2024 https://t.co/9I7ajKDLQA #Apple
Warren Buffett on valuations today… “I don’t think anyone at this table has any idea of how to use it [$189B in cash] effectively, and therefore we don’t use it. We only swing at pitches we like… today things aren’t attractive. We’re not using it at 5.4%, but I wouldn’t use it… https://t.co/1Knd6ByVM5
Warren Buffett's Berkshire Hathaway sells 13% of its Apple shares https://t.co/megd3at2y1 by @ChanceHMiller
Buffett talks succession and Berkshire's future at annual meeting https://t.co/i0oHjFvmC5 https://t.co/t6ONogPSUl
And how much $AAPL will Buffet dump in Q2 as fundamentals further deteriorate? https://t.co/YMIMKpKrmP
⚠️ JUST IN: *WARREN BUFFETT'S BERKSHIRE HATHAWAY CUT ITS STAKE IN $AAPL BY 13% IN THE FIRST QUARTER https://t.co/LdaWcM7Za7
Warren Buffett’s Talk With Shareholders: Cash Nears $200 Billion While Still High On Apple https://t.co/s65hgP0Z1n https://t.co/81s4RfW6mw
Buffett is trimming $AAPL. Apple just announced a $110 billion repurchase authorization. Maybe repurchasing boatloads of stock at recent valuations is not the best move for Apple.
Buffett Live: Berkshire cuts Apple stake, doesn't know what to do with its $189 billion in cash https://t.co/QAeAXqI8tK https://t.co/Oy1Mtl5Ayf
UPDATE: Berkshire sold about 13% of its mammoth stake in Apple in the first months of 2024, leaving it with $135.4 billion of the iPhone maker’s shares at the end of March, according to a regulatory filing released Saturday morning (via @WSJ) https://t.co/1YcCeYJKOt
Buffet sold 13% of his Apple position. Interesting.
Berkshire Hathaway trims its Apple position https://t.co/1S8pOuwZ5l
Buffett finally figured out to sell Apple?
After the endless series of terrible quarters, nonexistence in AI despite 100B past spend, and ridiculous decision to do a record buyback at 30x FCF, Buffett should be selling all of Berkshire’s Apple. https://t.co/Wdb09hklRS
Warren Buffett discusses inflation and business at the 2024 Berkshire Hathaway annual meeting. Watch it now: https://t.co/EED7iBhbZF https://t.co/FOvFK9nk3p
Warren Buffett still key Apple investor after selling shares after iPhone slump https://t.co/BSzmlDphhx
Warren Buffett still key Apple investor after selling shares due to iPhone slump https://t.co/uT1r6Cjcee
$AAPL | Warren Buffett's Confidence In Apple Wanes? Berkshire Cuts Stake By 18% Amid Tech Giant's Troubles. Apple shares have underperformed this year, shedding 4.63% for the year-to-date period and 10.82% for the first quarter. The decline came amidst concerns over the… https://t.co/mmzNx3Cwzj
Berkshire pares huge Apple stake as cash, operating profit set records https://t.co/2PscIrTySE https://t.co/k8APChwDqC
Warren Buffet has cut his $AAPL stake by 13%. https://t.co/m3kDNjweXp
$BRK Berkshire Hathaway Q1 FY24. • Net profit $12.7B. • Stock repurchase $2.6B. • $AAPL stake cut by ~13%. • Segment margin 14% (+3pp Y/Y). • Cash and short-term securities $189B. https://t.co/T36xvGSmEV
My Saturday story part deux. Warren Buffett Set to Take the Stage at Berkshire Hathaway’s 2024 Annual Meeting https://t.co/z2PmYJuGfb via @BarronsOnline
'We’d love to spend it, but...": Warren Buffett as Berkshire's cash pile swells to $189 billion https://t.co/ohPSfT3lsZ https://t.co/ep2xgwFRba
$BRK.A $BRK.B Buffett on the growing cash pile: "Our cash and Treasury bills were $182 billion at the quarter end, and I think it’s a fair assumption that they’ll probably be at about $200B at the end of this quarter...We’d love to spend it, but we won’t spend it unless we… https://t.co/Ue8OIu5JAC
Buffett on the cash pile: "Our cash and Treasury bills were $182 billion at the quarter end, and I think it’s a fair assumption that they’ll probably be at about $200B at the end of this quarter" $BRK.A $BRK.B https://t.co/Ue8OIu5JAC
“Berkshire Hathaway cuts AAPL position by 13%” https://t.co/y040Rb4NVU
#WarrenBuffett's #Berkshire pares huge #Apple stake as #cash, #operatingprofit set records https://t.co/JCM66egIeR
#WarrenBuffett takes stage at #Berkshire meeting, pays tribute to #Munger, cuts #Apple stake https://t.co/ohPSfT3lsZ
Buffett's Berkshire Hathaway reduces large Apple stake https://t.co/FJu6nUg1jV
Sounds to me like Buffett thinks the market is expensive, is worried about fiscal deficits, and believes tax rates are likely to increase. He's building an even bigger war chest of cash to be ready for buybacks and other opportunities. $BRK
Warren Buffett just said: "I don’t mind at all, given current conditions, building a cash position"
Buffett on selling Apple shares: “I don’t mind at all (given current the current economic environment) building our cash position.” $BRK already had $182b in cash at end of Q1, and Buffett estimates it will be ~$200b soon. 😳
So Berkshire selling $AAPL because he's worried about taxes?
Buffett is selling Apple to raise cash. Concerned what is going on around the world.
Warren Buffett just said it's a fair assumption Berkshire Hathaway $BRK.B will have more than $200 Billion of cash by the end of Q2 https://t.co/mJmjpBUDy2
Judging by the continued slashing of his Apple stake, the Oracle doesn’t seem to be too impressed with Apple's fundamental performance. Note the share price has already been at this level since 2021. Apple is a sinking ship and Buffett finally acts on it. $AAPL https://t.co/f03v4B9bib
Apple’s Buyback is Exit Liquidity for Buffett: 1) Apple’s buyback program is $110 Bn 2) Apple’s free cashflow estimate for all of ‘24 is 109.9 Bn That’s not a coincidence 3) Buffett’s stake is $135 Bn Conclusion: Apple’s buyback program is designed to provide liquidity to… https://t.co/y69X2GnSY2
Apple CEO Time Cook tells me he spoke with Warren Buffett yesterday about the sale of about 15m shares of $AAPL that was revealed in this morning’s 10Q by $BRK. Apple is still Berkshire’s largest holding, by far. “It’s a privilege to have them as a shareholder,” Cook tells me.…
As I suspected, what started as a trickle - Warren Buffett selling 10 million Apple shares in the 4th quarter - became a flood with 116 million Apple shares sold in Q1 (13% of his holdings). Likely due to "valuation concerns." But what does he know? AAPL is 'such a deal' at 28.5x…
Berkshire shareholders descend as Buffett hosts 60th Omaha meeting, cuts Apple stake https://t.co/MzFDwHpphu https://t.co/Q7GE75HP47
BofA generates exit liquidity, Papa dumps his Apple bags Berkshire Hathaway - Approx 75% of Aggregate Fair Value Was Concentrated in American Express, Apple, BofA, Chevron and Coca -Cola as of Mar 31 https://t.co/RUWm4Hg5hU
Famed investor Warren Buffett cut his firm's Apple holdings by 13% in the first quarter of 2023, as analyst consensus was that the iPhone was seeing declining demand. By @WGallagher https://t.co/fukn0oeqyV
Warren Buffett’s Berkshire Hathaway cut its gigantic Apple stake in the first quarter as the “Oracle of Omaha” continued to downsize his one-time favorite bet. https://t.co/8gaEV0nGDh https://t.co/BSmK9uUbCz
BUFFETT: I’ll MATCH & RAISE Apple announced a $110 Bn buyback program — the largest in US History That will take a year to deploy But, Buffett sold $135 Bn *last quarter* Buffett is selling faster than Apple can buy! The way to play this… Apple has 2 news events in the… https://t.co/y69X2GnSY2
Warren Buffett's company dumped stocks and grew its cash pile to a record $189 billion last quarter https://t.co/RGHdWXS588
Berkshire Hathaway operating earnings soar 39% as Buffett’s cash hoard swells to record $188 billion: CNBC $BRK.A
Berkshire cuts Apple stake by ~13%: —Mar 24: $135.4B [~790M shares] —Dec 23: $174.3B [~905M shares] $BRK.A $BRK.B $BRK $AAPL https://t.co/huJlMW1NBO
Berkshire Hathaway sees record operating profits, cuts Apple stake https://t.co/4IOsXz0nke
Berkshire Hathaway Q1 2024 Update: —Operating Earnings: +39% YoY to $11.2B —Insurance Float: -$1B QoQ to ~$168B —Buybacks: $2.6B [Q4 23: $2.2B] —Cash: +12.8% QoQ to ~$189B $BRK.A $BRK.B $BRK Operating income by segment —Insurance underwriting income: $2.6B [Q1 23: $911M]… https://t.co/2IdP6oL0eK
Big news this morning before #BHSM2024 kickoff Warren Buffett cut his Apple bet by about 13% to a stake worth $135.4 billion at the end of Q1. It's the second quarter in a row Berkshire has trimmed $AAPL https://t.co/4kWr3hhBsY
Berkshire posts record operating profit, net declines https://t.co/erIjRDsbrZ
Berkshire Hathaway- Berkshire Says It Owned $135.4 bln of Apple Shares as of Mar 31 13% cut from last quarter https://t.co/58HTNxDf8a
Berkshire Hathaway kicked off its annual meeting with another record cash pile https://t.co/9dPTT23WD1 https://t.co/9dPTT23WD1
Berkshire operating earnings up 32% cash $189 B. Apple stake reduced by 13%. Insurance and energy led earnings increase.
$BRK Earnings: - Total revenues of $89.87 billion - Operating income $11.22 billion - Operating earnings: $11.22 billion - Net earnings attributable to Berkshire shareholders of $12.70 billion https://t.co/k05N5VdX33 https://t.co/tOxxe0UiDW
Berkshire Hathaway’s cash pile hits new record as Buffett dumps nearly $20bn of stocks https://t.co/SXrpVosk5C
Berkshire Hathaway Earnings Are Out. Profits Rose 39%. https://t.co/xK0MoPT3MV
*BERKSHIRE HATHAWAY 1Q OPER INCOME $11.22B, +32% Q/Q *BERKSHIRE HATHAWAY 1Q OPER EARNINGS $11.2 BLN VS $8.07 BLN
Berkshire shareholders descend on Omaha as annual meeting kicks off via @Reuters’ Jon Stempel https://t.co/aWulL1s2yK
Follow Warren Buffett's commentary and all the action at Berkshire Hathaway's annual meeting: Live updates https://t.co/WDpm5ob0me
Berkshire shareholders descend on Omaha as annual meeting kicks off https://t.co/jFwbvvBwoh https://t.co/ZIX7kMkOL2
Warren Buffett Set to Take the Stage at Berkshire Hathaway’s 2024 Annual Meeting https://t.co/fDgxOuqoF3
Berkshire Hathaway’s annual shareholder meeting this weekend is kicking off with a shopping extravaganza. @YunLi626 gives us an inside look. Watch the 2024 Berkshire Hathaway annual shareholders meeting on Saturday, May 4: https://t.co/eHqYNnPUcO https://t.co/GNdEpeGCsi
What Warren Buffett’s Berkshire Hathaway could make from Apple’s dividend hike https://t.co/401iKZNhFr
Analysts weigh in on Warren Buffett's Berkshire Hathaway ahead of its meeting https://t.co/IIi4dpKPvK
Berkshire Hathaway Nets $9 Billion From Pop in Apple Shares https://t.co/gspgYP7p3C
Warren Buffett Might Reveal Berkshire’s Mystery Stock at Annual Meeting https://t.co/74gtkKZn7n
Apple remains Buffett's biggest public stock holding, but his thesis about its moat faces questions https://t.co/silpJsEaKb
The Berkshire Hathaway annual shareholders meeting, nicknamed the “Woodstock for Capitalists,” kicks off this weekend. But why is Warren Buffett such a big deal? CNBC’s @charlottemorab breaks it down. Watch the 2024 annual shareholders meeting here: https://t.co/eHqYNnPUcO https://t.co/l7hTmhIvm6
Buffett retakes the stage as Berkshire prepares to pass the baton https://t.co/WaBXhR66Jq https://t.co/RcPkDrZXmZ
$AAPL | Warren Buffett's Berkshire To Rake In $226M Passively In A Jiffy, Thanks To Its Core Holding Apple Berkshire's Apple holding at the end of the fourth quarter was 904.87 million shares valued at $174.21 billion. The stock accounted for 49.26% of Berkshire's total equity… https://t.co/UG1bcobW3e
Warren Buffett changed his stripes when he bought Apple. Now, the size of the stake worries some Berkshire Hathaway shareholders. https://t.co/fOozeJJVUM https://t.co/fOozeJJVUM
What I learned today: Half of Warren Buffett's Berkshire Hathaway equity portfolio is in Apple stock https://t.co/hF43eIqFaE
NEW: Apple Is Buffett’s Best Investment. It’s Also Now One of His Riskiest. - WSJ https://t.co/OZ0rFfmaVV
Warren Buffett and Berkshire Hathaway $BRK.B currently own 905.6 Million shares of Apple $AAPL Apple just increased its quarterly dividend up to $0.25 from $0.24 That means Buffett is about to receive a $226.4M quarterly dividend check from Apple up from his last $217.3M check https://t.co/feVCZVaTHV
And Berkshire was reducing last Q... 🤣 $AAPL https://t.co/dRX6dZfQxm