Warren Buffett Sells Apple Shares and Buys More Chubb

OMAHA, Neb. (AP) — Warren Buffett has disclosed substantial stock sales, notably confirming the sale of over 389 million shares of Apple during the second quarter. Despite this significant divestment, Berkshire Hathaway retains 400 million shares of the tech giant, maintaining its status as the largest position in the conglomerate's extensive stock portfolio, as revealed in the latest Securities and Exchange Commission filing. In addition to the Apple shares, Berkshire Hathaway has been reducing its stakes in several other companies, including Bank of America, Chevron, Capital One, Floor & Decor Holdings, T-Mobile, and Louisiana Pacific. The company also divested its nearly $1 billion investment in Snowflake. These sales have contributed to an increase in Berkshire's cash reserves, which have reached a record $277 billion. While Buffett's recent moves have attracted attention, the quarterly filings do not specify which transactions were executed by him versus the other investment managers at Berkshire. However, Buffett is known to oversee the largest investments, typically those exceeding $1 billion, and his investment decisions are closely monitored by the market due to his impressive historical performance. Berkshire Hathaway's portfolio remains robust, encompassing nearly $300 billion in stocks, alongside significant holdings in major insurers like Geico, the BNSF railroad, and various manufacturing and retail companies, including well-known brands such as Dairy Queen and Helzberg Diamonds.