Warren Buffett's Berkshire Hathaway significantly cut stakes in Apple and Bank of America, boosting cash reserves.

Warren Buffett's Berkshire Hathaway reduced its stake in Apple and Bank of America by over two-thirds and 23%, respectively, in the third quarter. The company also sold off Ulta Beauty shares while adding to its positions in Domino's Pizza and Pool Corp. Despite selling $34.6 billion in stocks, Berkshire still holds significant stakes in these companies. The moves coincide with an increase in Berkshire's cash and equivalents to $325.2 billion.

November 14, 2024
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