Loading...
Market
Which sector will Berkshire Hathaway primarily invest in with its increased cash reserves by the end of 2024?
2
Resolution / Starting Odds
Technology • 25%
Financials • 25%
Healthcare • 25%
Other • 25%
Berkshire Hathaway's financial statements and quarterly reports
Story
Berkshire Hathaway Cuts Apple Stake by Nearly 50%, Cash Reserves Hit Record $278B
Aug 3, 2024, 12:31 PM
Berkshire Hathaway, led by Warren Buffett, has significantly reduced its stake in Apple, selling nearly 50% of its holdings during the second quarter of 2024. The company's Apple shares decreased from 789 million to 400 million, reducing the value of its Apple holdings from $135.4 billion to $84.2 billion. This move comes as Berkshire's cash reserves reached a record $278 billion, up from $189 billion at the end of the first quarter. Additionally, Berkshire Hathaway's operating profit rose by 15% to $11.6 billion in the same period. The decision to sell a substantial portion of Apple shares has raised questions about Buffett's outlook on the tech sector, especially given Apple's stock performance, which increased by 22.82% during the quarter.
View original story
Similar markets
Technology • 25%
Healthcare • 25%
Financials • 25%
Energy • 25%
Technology • 25%
Financial Services • 25%
Consumer Goods • 25%
Other • 25%
Technology • 25%
Healthcare • 25%
Finance • 25%
Other • 25%
Technology • 25%
Financials • 25%
Healthcare • 25%
Consumer Goods • 25%
Technology sector • 25%
Energy sector • 25%
Healthcare sector • 25%
Other sectors • 25%
Technology • 25%
Energy • 25%
Healthcare • 25%
Other • 25%
Technology • 25%
Energy • 25%
Healthcare • 25%
Financial Services • 25%
Technology • 25%
Healthcare • 25%
Financials • 25%
Consumer Goods • 25%
Finance • 25%
Healthcare • 25%
Energy • 25%
Consumer Goods • 25%
Technology sector • 25%
Healthcare sector • 25%
Financial sector • 25%
Other • 25%
Increase in tech stocks • 25%
Increase in non-tech stocks • 25%
Increase in cash reserves • 25%
Increase in real estate • 25%
Increase stake in a different bank • 25%
Invest in a new industry • 25%
Buy back Berkshire shares • 25%
Other • 25%
Apple • 25%
Bank of America • 25%
Coca-Cola • 25%
Other • 25%