Starting in Q1 of 2024, Warren Buffett epically downsized his immense holdings of Apple stock in one of the best-publicized selloffs by any famous investor in recent memory. In the past two quarters, the Oracle of Omaha's Berkshire Hathaway has sold roughly 510 million of the iPhone-maker's shares, lightening its holdings by around 56%. The size and suddenness of the exit stirred speculation that Buffett's optimism for Apple's stock had faded following the fantastic run over the past seven years—a surge that Buffett timed and rode to near-perfection.
It's important to note that Apple remains Berkshire's biggest equity holding, comprising 41% of the conglomerate's portfolio. At the annual meeting in May, Buffett's admiration for Apple appeared undimmed. He declared that two of his long-time prized investments, Coca-Cola and American Express, were "wonderful" businesses, but that lauded Apple as "an even better one."
