Warren Buffett’s Berkshire Hathaway buys $4.3 billion stake in Alphabet, continues to sell Apple
Berkshire Hathaway revealed on Friday it had purchased a $4.3 billion stake in Alphabet while continuing to reduce its investment in Apple. The company is detailing its equity portfolio for the last time before Warren Buffett ends his 60-year run as chief executive officer.
A regulatory filing before the US Securities and Exchange Commission said the company had now cut its Apple stake to 238.2 million shares from 280 million in the third quarter — selling nearly three-quarters of the more than 900 million shares it once held. The $60.7 billion investment in Apple however remains the largest stock holding in the conglomerate’s $283.2 billion equity portfolio.
