Warren Buffett [Berkshire Hathaway]
Well ahead of Thursday’s earnings, the “Oracle of Omaha’s” Berkshire Hathaway may have sold a very large quantity of Apple stock, marking the third consecutive quarter of big sales volumes.
And, Berkshire Hathaway may have take the opportunity to seize some profit, according to the head of investment firm that has had a stake in Warren Buffett’s fund for a long time.
As of March 31, Berkshire Hathaway held about 789 million shares of Apple. This is about 5% of the company, and is worth about $177 billion.
Regardless, unless it is a truly massive sale, Apple will still likely be the largest holding value-wise, with Barron’s claiming it sits at about 40% of a $400 billion portfolio before any sales are realized.
To be included in the earnings report, the sale would have to have been made before Thursday’s earnings. Apple exceeded Wall Street’s expectations, and after a brief gain in the stock price, it bled off those gains overnight with it likely to open Friday at about $218, under pressure from a larger sell-off of tech.
