Buffett sold more BofA stock while keeping Apple stake intact.
Warren Buffett’s Berkshire Hathaway Inc. continued whittling a longtime bet on Bank of America Corp. in last year’s final months, while keeping a stake in Apple Inc. intact following an earlier reduction.
The remaining holding was worth $31.9 billion as of Friday’s close in trading. Buffett, 94, started whittling the investment in mid-July, without providing any explanation.
After slashing a holding in Apple earlier in 2024, Berkshire left the stake untouched in the year’s final months. The iPhone maker remains Berkshire’s largest stock holding, representing 28% of the conglomerate’s portfolio. The stake’s value rose by more than $5 billion in the quarter.
The firm also bought shares in SiriusXM and Occidental Petroleum during the quarter, while slashing a stake in Citigroup Inc. 73%, selling 40.6 million shares. And Buffett exited Ulta Beauty, a stock it started acquiring in the second quarter before paring back the position in the following period.
Source: FORTUNE
