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16.11.2019 21:00:00

Warren Buffett's Berkshire Hathaway Trims Apple Position in Q3

Warren Buffett has become one of Apple's (NASDAQ: AAPL) biggest bulls in recent years. In fact, Apple is Berkshire Hathaway's (NYSE: BRK-A) (NYSE: BRK-B) largest position by far, worth more than twice as much as the holding company's second-largest position, Bank of America.While the Oracle of Omaha is confident in Apple's fundamentals, he did express some reservations over the stock's valuation earlier this year. "We aren't buying it here," Buffett said in February when shares were trading below $175. Seeing as how the stock has rallied over 50% since then, it should come as little surprise that Berkshire Hathaway just modestly trimmed its Apple position.CEO Tim Cook introduces the iPhone 11 Pro. Image source: Apple.Continue reading
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