Warren Buffett Sold Off $800 Million of AAPL Stock Last Quarter

Tuesday February 18, 2020 3:06 AM PST by Tim Hardwick

Berkshire Hathaway sold $800 million in Apple stock over the last quarter, according to SEC filings published on Friday. Depending on when Warren Buffett's real estate company sold the 3.7 million Apple stock, it will have earned between $806 million and nearly $1.1 billion.


According to Business Insider, what might look like a massive sale is actually only a small portion of Buffett's investment in the tech company. Berkshire is Apple's biggest shareholder with a 5.4 percent stake worth $72 billion, according to Bloomberg data.

It's unclear what prompted the sale, but the company may have wanted to diversify its holdings, given some of its other investments in the last quarter, such as Kroger and Biogen. Apple accounts for 30 percent of Berkshire Hathaway's portfolio. Another possible reason for the sell-off is to cash out after Apple's stock surged by a third last quarter, from around $219 to $294.

Historically, Buffett has shied away from investing in technology companies, but the business magnate has suggested he sees Apple more as a consumer company and has been a long-term investor in the iPhone maker.

Last month, Apple reported quarterly revenue of $91.8 billion and net quarterly profit of $22.2 billion, or $4.99 per diluted share, compared to revenue of $84.3 billion and net quarterly profit of $20.0 billion, or $4.18 per diluted share, in the year-ago quarter. The quarter was the best in Apple's history, topping the first fiscal quarter of 2018.

Top Rated Comments

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6 weeks ago
Pretty nonstory considering what his holdings are. He basically sold 1-2% of his Apple stock? Could be for any reason. Tax, free up cash, etc.
Score: 4 Votes (Like | Disagree)
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6 weeks ago
Nothing story for anyone who understands the full picture and how all this works.
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we need to know how much stock Berkshire Hathaway actually kept! Right now it makes the stock look bad and will affect opening trading value.

We do know how much he kept and the answer is, almost all of his 250M shares. This was a tiny, tiny portion of his holding that could have been sold for many reasons. What is his opinion on AAPL if he kept 99% of his shares?
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Carl Icahn, as creepy as he looks is a VERY astute trader and businessman. His “interference” brought us the 8:1 split a few years back of Apple stock. I’m sure a BERY large amount of investors loved that month! If I recall Apple was close to $120, then 8:1 spliteach common stock was at $80 after the split then rose to $100 in less than 30 days held it orincreased ever since!
A bird in the hand is worth 2 in the bush yet baby 7 extra is a party!!

It was 7:1 and stock splits do nothing for value.

Carl Icahn sold his AAPL shares around $90 and was completely foolish to do so.
Score: 3 Votes (Like | Disagree)
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6 weeks ago
Apple stock makes up 29% of Buffett portfolio. One stock making up almost a third of the entire portfolio is really unbelievable. Buffet did say Apple has the stickiest products he has ever seen and when he sees value he goes all in.
Score: 2 Votes (Like | Disagree)
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6 weeks ago
What, no creepy Carl Ichan photo? Haven't seen one of them in a while!

Interesting though that he piled in just before (I think) a huge amount of Apple buyback occurred. Just sayin...
Score: 2 Votes (Like | Disagree)
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6 weeks ago
Classy guy. Doesn't appear to go out in public wearing an Apple watch.
Score: 2 Votes (Like | Disagree)
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6 weeks ago
warren buffet is the man
Score: 1 Votes (Like | Disagree)

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