Warren Buffett's Berkshire Hathaway Just Dumped Half Its Stake in Apple Stock. What Investors Need to Know

Companies that make coin by holding stock in publicly traded businesses buy and sell for their portfolios constantly, and very few make waves when they do so. Rockstar investor Warren Buffett is a major exception. When Buffett and his crew buy or sell a title, the move creates waves on the stock exchange.That goes double for their latest action -- a massive reduction in the Apple (NASDAQ: AAPL) position held in the bulging equity portfolio of Buffett's investment vehicle, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). Here are the particulars as we know them so far and my take on how the shift might affect both Apple and Berkshire.Last week, Berkshire filed its 10-Q quarterly report. In it, the company provided an update on some of the larger holdings in the equity portfolio. At the end of last December, the market value of Berkshire's Apple position was over $173 billion. The total market value of all Berkshire equity holdings was just under $354 billion, meaning Apple comprised just over half the portfolio in terms of dollar amount.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool