Warren Buffett Sells $11.4 Billion in Apple and Bank of America Shares
- Buffett sold 41.8 million shares of Apple (AAPL) for approximately $9.6 billion.
- He also disposed of 37.2 million shares of Bank of America (BAC), valued at about $1.8 billion.
- Berkshire Hathaway has sold Apple shares for eight consecutive quarters and Bank of America for five.
- Despite the sell-off, Berkshire retains a significant stake in both companies, with Apple at $77.2 billion and BAC at $29.3 billion.
As Warren Buffett prepares to step down as CEO, he reassured shareholders that Berkshire Hathaway is well-positioned under new management. His recent sales reflect a strategic shift while maintaining substantial holdings in Apple and Bank of America, which together represent over a third of the firm’s portfolio value.
Buffett’s actions underscore his confidence in Berkshire’s future stability despite recent asset reductions, highlighting the company’s robust management structure and long-term vision.
