Warren Buffett reduces Apple stake to 19% of portfolio to curb concentration risk
Apple's weight in Berkshire Hathaway's portfolio is now just under 19%, down from a position that once accounted for more than half of the equity holdings. The reduction comes as Warren Buffett stated he was not happy for the holding to be larger than everything else combined. Berkshire has reduced its stake in Apple by more than 75% from its peak. American Express now follows as the second largest holding at 15% of the portfolio. Berkshire has made over $100 billion in profit on the sale of Apple stock. The position is now worth close to $60 billion.
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