There’s no question Warren Buffett has a love affair with Apple (NASDAQ:AAPL). The billionaire investor built up a position in the tech giant that allowed AAPL stock to account for almost half of Berkshire Hathaway‘s (NYSE:BRK-A)(NYSE:BRK-B) portfolio value.
And then Buffett did this. He sold about 10 million shares worth some $2 billion last quarter. It took Apple from over 48% of the portfolio to 44%. That’s still a massive position for Warren Buffett stocks, so I don’t think he is abandoning the tech company, but it does represent a significant paring. Yet why did he do it?
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