Billionaire Warren Buffett Pours $752,000,000 Into New Assets After Dumping Apple, Bank of America
Warren Buffett is making significant moves in the investment world, with Berkshire Hathaway's recent 13F filings revealing that he's divested large quantities of shares in Apple and Bank of America. Specifically, Buffett has sold 100 million Apple shares and 243.8 million Bank of America shares. Despite these sell-offs, Berkshire Hathaway still holds substantial stakes in both companies—around 300 million Apple shares valued at approximately $69 billion, and 766 million Bank of America shares worth about $32 billion.
In contrast to these sales, Buffett has made notable new investments. He has acquired approximately 1.3 million shares of Domino's Pizza, valued at around $600 million, and has also taken a new position in Pool Corp, purchasing about 400,000 shares for roughly $152 million. These investments align with Buffett's strategy of backing consumer-focused companies with strong competitive advantages and promising long-term growth.
Although these changes, Apple remains Berkshire's largest holding, followed by American Express, Bank of America, Coca-Cola, and Chevron.
