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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Buffett's Berkshire Lags the S&P 500 This Year as Heavy Apple Stock Sell-Off Costs $50 Billion in Lost Profits

Warren Buffett expects Apple to remain Berkshire's top holding well into the future. (Credit: AFP News)

Warren Buffett's Berkshire Hathaway currently holds about 280 million shares of Apple (Nasdaq:AAPL), valued at approximately $74 billion (£55.5 billion). This makes Apple Berkshire's largest portfolio holding. However, under Buffett's leadership, the firm has sold more than 630 million Apple shares over the past two years.

The aggressive selling began in Q4 2023, with Berkshire reducing its stake significantly. Despite this, Apple's stock has surged by over 50% since late 2023.

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