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#WarrenBuffett significantly reduced its stake in the bank by selling approximately $982 million worth of #BerkshireHathaway , #BankOfAmerica (BofA) shares, which Berkshire Hathaway managed. The transaction reduced Berkshire Hathaway’s stake in #BofA by 13%. However, the company’s remaining shares in BofA are worth approximately $36 billion, and Berkshire Hathaway remains Bank of America’s largest shareholder.
Berkshire Hathaway also reduced its stake in #Apple by almost 50%. The company’s Apple holdings fell from $135.4 billion in the first quarter of 2024 to $84.2 billion by the end of the second quarter.
Berkshire Hathaway’s cash reserves also increased significantly. Cash reserves, which were $188.99 billion at the end of March, reached a record $276.94 billion by the end of the second quarter of 2024. This significant increase shows that Buffett is taking a prudent approach in the volatile market environment and is preparing the company for future investment opportunities.
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Berkshire Hathaway also reduced its stake in #Apple by almost 50%. The company’s Apple holdings fell from $135.4 billion in the first quarter of 2024 to $84.2 billion by the end of the second quarter.
Berkshire Hathaway’s cash reserves also increased significantly. Cash reserves, which were $188.99 billion at the end of March, reached a record $276.94 billion by the end of the second quarter of 2024. This significant increase shows that Buffett is taking a prudent approach in the volatile market environment and is preparing the company for future investment opportunities.
I spent a lot of time and effort writing this article and trying to make it really useful for you, please like it and follow me! Thanks 🙏
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